With the acceleration of the rise, Bitcoin has now surpassed a new high of 60,000 US dollars. What do friends in the currency circle think?
That means we can move on to another level and we can speculate on the $70k level, this is not really surprising, we are in a bull market and there's so much expectation that the price will reach $100k this year, investors loves to talk movement and so we are going to push the price to $70k when it reached $60k.
If Bitcoin crosses $70,000, its value would have tenfolded in just a year. Many wonder if that is good or bad for Bitcoin? Well, whether it is good or bad depends on us. Bitcoin is an exciting new development and the world is waiting to see if it will become a real threat to our current monetary system.
However, it will also bring with it some negative consequences as well. How will it affect existing banks? Are some of these people who get rich from the crypto currency going to leave the banking system and make themselves into crypto currency brokers, exchanges, and money lenders? In all likelihood they will.