Currently trading around the $9,850 level
It feels like it's only a matter of time till it happens, doesn't it?
As more institutional investors get their hands on the cryptocurrency, you can't help but feel that the party is going to keep on going. And what is even crazier to think about, is if Bitcoin actually pushes through $10,000 - which is a somewhat psychological barrier - we might even see more people get in on the act.
By the time we hit something like $12,000, we'll start hearing about $50,000 being the new $10,000.
Worldwide acceptance has been key in driving the price of Bitcoin higher. And with the CME and CBOE entering the picture, you can't really ask for more acknowledgement than that. What's more, unlike other financial assets, the market cap invested in Bitcoin is really minute. If that is any indicator, there's still a lot of money which are not yet invested in the cryptocurrency space and that could help drive prices even higher.
We all talk about tulip mania and the Dotcom bubble. It's nearly impossible to call the top on these things. Even when the signs are clear, the party may still go on for a bit longer even when the music stops. And that could also be the case here as well.
Does anyone here have a Bitcoin story they'd like to share?
