Bitcoin’s growth continues to amaze us day by day as the stock price looks like it could pass the prediction of $10,000, by the end of today.
Bitcoin has jumped to an all-time high of $9,721 USD or roughly $12,300 CAD on Monday.
The world’s largest cryptocurrency by market cap punched in at $9,9731.51 at 09:00 UTC, according to CoinDesk’s BTC Price Index.
The last week has especially busy for the cryptocurrency, as last week it leaped past $8000 USD for the first time and on the weekend, the stock price rose to over $9000 USD.
One thing that boggles my mind more than anything is the rise of BTC this year alone. The cryptocurrency is up more than 800 percent on a year-to-date basis. Now, that’s growth!
Why such a significant jump on bitcoin in the last couple of weeks? One thing it could be is that the news of net neutrality being repealed on December 14th, could’ve attributed to this growth spike as people are beginning to panic.
In addition, google searches for the term ‘bitcoin’ have sky rocketed as well.
Neil Wilson, who is a senior market analyst at ETX Capital, said: “The legitimacy this gives bitcoin as a tradeable asset is very important. The market cap of bitcoin now exceeds that of IBM, Disney [or] McDonald’s.”
The value of the 16.7m BTC units in circulation has exceeded $160bn and passed GE’s market cap! We will have to wait until the end of today though to see if BTC can surpass the $10,000 mark.
If you are interested in learning more and getting started in the cryptocurrency world, you can find out more info and buy/sell bitcoin,ethereum and litecoin by clicking HERE or on the image below.
The coolest part is that if you spend $100 on any of the 3 cryptocurrencies, they will give you $10 worth of Bitcoin for FREE!