Bitcoin breaks through the $10,000 psychological barrier
leakslate.dk 29-11-2017 16:00 (local time)
As the unquestionable leader of digital currencies - cryptocurrencies - Bitcoin now tells the world it's ready for mass adoption
"Bitcoin will dominate and lead crypto going forward. Hundreds of obituaries have been written about Bitcoin and none of them have come true and none will. Fact is, Bitcoin is a gift from God to help humanity sort out the mess it has made with its money. - Max Keiser, RT.com" - cointelegraph.com
Imagine Bitcoin as a human being growing up. You are born into this world - in the case of Bitcoin back in 2008. Then you slowly start to develop basic motor skills. Bitcoin went from cents to dollars in mid 2011.
Then in the beginning of 2013, Bitcoin learned how to walk, now going from being worth a few dollars per Bitcoin to being worth around $100.
A major sign of potential came the end of 2013, when Bitcoin reached almost $1,000. But, it was like a child attempting to drive a bicycle too early in life: Big courage, big potential. But not yet the skills.
Then in 2014 and 2015: Stagnation. And back to almost $200 in the beginning of 2016.
Then we witness a slow rise during 2016, and in the beginning of 2017, Bitcoin finally breaks through the important $1,000 psychological barrier.
This year we have seen major corrections from $3,000 down to $2,000 - from $5,000 down to $3,000 - and again from $8,000 down to $5,500.
But the fact is that Bitcoin has grown up! Despite the learning curve and the major corrections, Bitcoin is like a young and strong teenager, full of life and ready to conquer the world.
At the moment, Bitcoin is valued at $11,283.82 (coindesk.com).
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