Some days are good days and some days are really good days! Today is one of the latter because the Bitcoin price just topped $5,000 for the first time in history today. This is a very important number psychologically and it is sure to spark even more momentum and awareness among the masses.
According to a recent article in Forbes titled 'Bitcoin Price Tops $5,000 For First Time' there are a few more worthy points to note:
The crypocurrency's price had risen to as much as $5,005.26 at the time of report, according to the CoinDesk Bitcoin Price Index (BPI). This brought its year-to-date (YTD) return to almost 420%.
Bitcoin's price has pushed higher amid a variety of factors, including technological improvements, growing interest in cryptocurrencies and sustained inflows from investors.
While this digital asset undergoes these technical upgrades, the broader cryptocurrency space has been generating significant visibility.
This is amazing news for Bitcoin and I congratulate early adopters in realizing the significance of a new economy and the broader potential for cryptocurrency. People who purchased Bitcoin and held them when they were almost worthless are now wealthy beyond their wildest imagination. Furthermore I'd argue that because its still a new market, a lot more opportunity exists in the broader world of cryptocurrencies.
How do you feel about this new development? Do you think topping $5000 will be a catalyst for even quicker growth to the next milestone of $10,000?
Please leave thoughts and feedback below.
Thanks for reading!
Source:
Bitcoin Price Tops $5,000 For First Time - Forbes
Img Source:
CoinTelegraph
