14 DAY TRIAL // Bitcoin continues to skyrocket past milestones like it's no big deal. At the time of writing, you can buy one BTC for a whopping $2,734.99.
Taking into consideration that Bitcoin has barely passed the $2,000 mark over this past weekend, it is extraordinary to see it rise to such levels in such a short timespan.
If a few days ago we were reporting that Bitcoin might hit $2,500 soon, it looks like we should adjust that number to $3,000, probably over this following weekend if the trend continues.
Bitcoin has become one of the main attractions, it seems, as people pour money into the digital currency. While Bitcoin, as well as other cryptocurrencies, is influenced by news regarding government or companies embracing it, it does not go up and down depending on the political status of any country, as traditional currencies do. Not in the negative, at the very least. For instance, it is believed that news about Moody downgrading China's economic outlook sent investors towards the blooming Bitcoin.
An upward trend
Bitcoin has been climbing higher and higher for weeks now and it doesn't seem to be an end in sight. It's clearly an incredibly profitable business for anyone who managed to buy years ago, and even for those who bought Bitcoin at the beginning of the year, when the price had dipped towards $800. That seems like forever ago, at this point, though.
Experts have long since expressed their opinion that once Bitcoin passes the psychological milestone of $2,000, it will continue to grow rapidly. That seems to have been quite true, if we look at the current Bitcoin price.
Of course, $3,000 will be the new psychological barrier, and we'll just have to wait and see just how high it can go before becoming slightly more stable and predictable.