Bitcoin Trades Above $5,000 for First Time Ever
LONDON (Reuters) - Bitcoin smashed through the $5,000 barrier for the first time ever on Thursday, jumping as much as 7 percent to chalk up its biggest daily rise in over two weeks.
Bitcoin, the original and still the biggest cryptocurrency, has been on a tear recently, rallying nearly 75 percent in barely a month.
It has chalked up a more than fivefold increase in price since the start of the year.
Bitcoin just crossed the $5,000 mark , but that's just the beginning. As investors prepare for Bitcoin Gold Hard Fork, more purchases of Bitcoin would be made.
Also, with Amazon's Earnings Conference Call just around the corner (26th October, 2017), and speculations that Amazon would announce the acceptance of Bitcoin on their website, there's a crazy rush to own Bitcoin before that announcement is made by Amazon as this would lead to a serious skyrocketing of Bitcoin value.
With these two serious events, a lot of major currencies would go up several fold, Bitcoin should be hitting $10,000 by December.
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