Bitcoin been on the verge of climbing new record high peaks of value for the better part of this year, however, throughout the year-long existence it had never seen the $4,000 value-tag until now.
Bitcoin been on the verge of climbing new record high peaks of value for the better part of this year, however, throughout the year-long existence it had never seen the $4,000 value-tag until now. Recent price surge has sent the forefather of digital blockchain currencies to a long lead above the alternatives, bringing bitcoin network market capitalization to the record sum of $65 billion but how likely is it that we see $100 billion by the end of this year?
Earlier this year in June, Goldman Sachs analyst had stated that he sees bitcoin reaching the $4,000 value mark in the next bitcoin price rally and appears as he was right on point with that as BTC traded above four thousand tag on 12th of August. There were much gloom and doom in the price discussions during the looming bitcoin Civil War which resulted in the network forking into two and Bitcoin Cash (BCH) emerging as the alternative.
While many thought that fork will result in loss of trust for the first digital currency ever created then, in reality, fear had much wider eyes than the threat really was. The community has speculated that bitcoin might end up seeing the price go over $5,000 before this year is out but will it actually happen is something that only time will tell us.
With recent price surge, market capitalization for the main bitcoin blockchain reached $65 billion dollars which brought the overall blockchain currencies market cap to the record high of $130 billion. We can only hope that the blockchain awareness will continue spreading and boosting the value of digital currencies alongside with it.
250 Thank You Tickets
Do you believe that blockchain technology will be the standard go-to when it comes to the future financial transactions and money movements? In your opinion, how likely is that in the future mankind will get rid of all of the paper-based currencies and operate solely with the digital ones? We are looking forward to your comments below and will provide 10 250 Thank You Tickets to the best answers. Contest ends 8/19 at 20:00 EST!