Bitcoin broke the $50,000 level again – for the second time in a row. It was trading at $50,101 on Thursday evening.
This year has been an excellent year for Bitcoin, with the digital currency breaking multiple records and topping key milestones to become one of the fastest-growing assets in history. Bitcoin price have been steadily moving upwards for more than a year now. Despite the recent correction, the cryptocurrency’s value has generally increased and is still on an upward trajectory.
Bitcoin has just recently surpassed the psychological barrier of $50,000 for the second time in its history. At the time of writing, one bitcoin is worth exactly $50,101. This translates into a price increase of approximately 6 percent per day and also 6 percent per week.
Bitcoin is gradually making its way into the mainstream market, and more people are investing in digital currency as a result. Most people see it as a haven from inflationary economies, and many see it as an investment that will return them handsomely in due time.
Bitcoin is also widely seen as a safe asset and can store value due to its decentralized nature, making it hard to manipulate by any central authority like banks or governments. People prefer cryptocurrency over fiat money because it’s peer-to-peer and gives complete control of their assets.
Can bitcoin price reach $100000?
This is a question that we have seen asked on the internet and media for quite some time. But while there are no definite answers to this question, It is difficult to predict the future price of bitcoin. However, we can say with certainty that the cost of bitcoin will continue to grow and prosper in the future.
Also Read: Former Us President Donald Trump Called Cryptocurrencies A Disaster
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.
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