Today after a long time of speculation and various predictions bitcoin broke 10,000$ limit!
Now what?
Many expect a pullback or a serious correction due to the fact that many sell orders were placed just above 10,000$ price, and profit is profit.
Others feel that there will be a small price drop and bitcoin will rise again stronger to break another all time high this time.
There is a positive impact of news like the forthcoming launch of CME's bitcoin futures in December.
In Zimbabwe and Venezuela bitcoin prices soars because of hyperinflation.
Six days ago according to Bloomberg -" (Bloomberg) -- The Old Mutual Gold & Silver Fund, which manages $220 million of mostly precious metal equities, is jumping on the bitcoin wagon." -https://www.msn.com/en-us/money/markets/gold-fund-joins-bitcoin-frenzy-as-bulls-see-prices-at-dollar10000/ar-BBFvSIY
Lets see what the future beholds!