Bitcoin reached record value Friday, exceeding the $ 6,000 threshold, and reaching a total capitalization of over $ 100 billion, as investors continue to look optimistically at this virtual currency, which exists in limited quantities and which has opened the way for several ...
MoreThis is definitely good to hear. It is just overwhelming since Bitcoin have gone through difficulties on the previous month but still, it was able to overcome all of it and even come back stronger. It is now priced at 6009$ and is still increasing. It is also expected to have a market value of 7000$ or more before this year end.
I'm not sure that the price will rise. New coins which were added in August and in October you do not have much support among users and so price of bitcoin did not feel the pressure to the downside. In November we will see a new btc1 coin and this coin can have quite the opposite effect. If it gets the recognition it may become more attractive for use in trade and this may weaken the position of btc.