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For the first time ever the price of Bitcoin has crosses the $6,000 level.
The price of BitCoin has hit a new all-time high, crossing the $6,000 level for the first time ever.
Markets climbed as high as $6,060.11, according to CoinMarketCap’s Bitcoin Index. This figure surpasses the previous all-time high of $5829.80 set on October 13, 2017.
At press time BitCoin is trading at $6041.47 level with market capitalization is above $100 billion level.
The most recent BitCoin price is enough to make Satoshi Nakamoto (unknown person or persons who designed Bitcoin) the 247th richest person, according to Quartz. The anonymous inventor is estimated to own 980,000 bitcoins. At the last price, he will have about 6 billion dollars in his wallet.
Although the number of opponents of long-term investment in BitCoin is increasing, the CNBC survey meanwhile suggests that more and more consumers are beginning to share their positive opinions. Reporting on the fact that Assange made 50,000% return on Bitcoin, the publication asked users to select the likely price for BitCoin without specifying a time frame.
Most people (49%) voted for the option “more than 10.000 dollars”, 35% voted for the option “Jamie Dimon is correct, you’ll pay the price for the buying” and only 16% voted for the option “from 6.000 to 8.000”. All this indicates that people’s positive thinking about BitCoins is constantly developing.
Top strategist Tom Lee stated that all great businesses will be digital in the near future. In this regard, BitCoin will be of particular value, because it is a personal encrypted database. The gold market, which is 9 trillion, was important for the previous generation, now young people believe that the future is connected with BitCoin.
Lee said: “If it captures 5% of the gold market, it’s worth at least $25,000 per unit. It’s actually the most conservative collection of elements to get to the 5%. You could easily get to $100,000, $200,000 numbers.”
Concerning short-term BitCoin price targets, the Lee’s point of view is linked to the fact that Bitcoin exists and develops like social networks. “The more engagement there is, the greater the value rises. And in the short-term, we think bitcoin will reach at least $6,000 by mid-2018,” said strategist.
Mike Novograts, current head of Galaxy Investment Partners, has predicted that Bitcoin will jump to 10,000 in next six to ten months. “This is going to be the largest bubble of our lifetimes. Prices are going to get way ahead of where they should be,” he announced.
But, in contrast with a majority of frightened investors, who see just volatility, he sees opportunity: “You can make a whole lot of money on the way up, and we plan on it. In a lot of ways, this is a market like any other market.”
McAfee, mostly known for the development of first commercial antivirus software, stated that Bitcoin has all chances to reach $500,000 in the next three years. He tweeted:
Bitcoub’s low of $1,800+ yesterday simply could not be maintained. In the long term Bitcoin moves above $500,000 within three years. Bets?
— John McAfee (@officialmcafee) 17 июля 2017 г.
Entrepreneur Trace Mayer predicted Bitcoin Price Will Reach $27,395 in February 2018. At the time, Mayer first recommended bitcoin, the price per coin was just $0.25. He stated on his Twitter:
— Trace Mayer (@TraceMayer) 13 октября 2017 г.
Also, cryptocurrency investors are preparing for another Bitcoin hard fork next week, in which enthusiasts are planning to split off the second version of the digital currency known as Bitcoin Gold. The last time a Bitcoin was formed from the original Bitcoin blockchain.