Exceeding the economists’ predictions, the world famous cryptocurrency, Bitcoin reaches the all-time high at $10,000.
We already read different stories of ups and downs of Bitcoin this year, but the previous months we have seen its’s historic “all-time highs.”
For instance, on November 20th, it surged past $8,200, then topped out at $9,000 on November 26. But the meteoric rise didn’t stop there.
Just this November 28, the Bitcoin’s value has officially recorded at $10,000. A year ago, Bitcoin had its sights set on reaching $1,000, still relatively new to success, and so this new milestone will leave many to reevaluate the future potential of the cryptocurrency.
The success of Bitcoin is not that smooth sailing, it can be remembered that the “forking” of Bitcoin (into Bitcoin Cash and Bitcoin Gold) divided the market and added a hefty amount of confusion for consumers.
Initially, the surfacing concern was the possibility of “fork will lead to Bitcoin’s downfall” have yet to be realized, and currently, the ascension of the cryptocurrency’s value is more in line with those who were in favor of the split.
Those in favor of the fork had pointed out that Bitcoin Cash and Bitcoin Gold would stand to speed up transaction times and make the cryptocurrency more accessible.
As of posting, the all-time high of Bitcoin exceeds the economist predictions and it continuous its way to reaching $25,000 within the next 5 years; approximately five percent of the gold market.