It was very recently debated that Bitcoin may or may not make it to the $5000 USD mark. At this point, the debate is more focussed not around if, but when!
Today we see BTC trading at $4276 on Monday Morning the 14th of August. In Canada, we hit the $5000 last week and are now on lookout for the $6000 CAD mark.
Thats a lot of money for 1 BTC, or is it? Speculators have now pushed the limits way upwards, with some claiming there is no limit, and 1 million ($1,000,000) a Bitcoin is not out of the question at all.
So whats driving this? Human bodies! Population growth, more and more people around the world connected to the internet. Wider and wider growing acceptance and adoption of BTC worldwide, by big players in the financial and corporate worlds. Trust in the coin and crypto world. Many more influences are joining in and they all do one thing, grow the popularity and market value of Bitcoin, driving up value and increasing the price.
Check out some of my other posts if you are interested in Bitcoin and other soon to trend alt coins and new platforms in the crypto world!