Bitcoin reached its new all time gigantic high of $10,000. Now, this leading cryptocurrency has a market cap of $160 billion and bitcoin is itself bigger than some of the biggest companies in the world!
Bitcoin was not so big in the beginning of the year when its price was just near $1000 level. No one knew that this year 2017 was going to be one of the best years for the father coin of cryptocurrencies. In the middle of the year it reached to $5000 mark and after meeting some resistance near the $7000 level it met its much awaited giant target of $10,000 and created history in the world of cryptocurrencies.
Now Bitcoin has reached the milestone which can never be ignored and that is really appealing for the investors to start thinking of it as a safe haven for investing. According to NYTimes, the price of a single Bitcoin crossed $10,000 mark on some exchanges on Monday for the first time in history. Whatever the critics speak about the coin, it has made an extraordinary run.
The price of this world famous cryptocoin has been pushed by the recent increase in the number of investors – both institutional and individual investors. They seem to have spotted a new field of investment which looks similar to investing in Gold which is away from the government and companies’ interference.
Bitcoin acceptance is increasing day by day and South Korea and Japan have been recent good performers in terms of wide acceptance by ordinary investors. In Seoul even the less technically experts can purchase and sell bitcoins in multiple storefronts. It was in the Korean exchanges where Bitcoin first reached $10k mark. The prices hovered around $9700 mark on American exchanges on Monday. Soon, it is expected to cross $10,000 mark on all the major exchanges in the world and will start its move to the next high record above $10,000 level.