In Less Than 24 Hours, Bitcoin Price Goes Over $11,000

Last Modified:7 Dec 2019 13:28:09
In Less Than 24 Hours, Bitcoin Price Goes Over $11,000

Less Than 24 Hours

In recent days the price of Bitcoin broke the threshold of $10,000. But what is more amazing is that the price of Bitcoin went even over $11,000 in less than 24 hours. This is the highest Bitcoin price since the March of last year.

In its high price during the last 24 hours, the price of Bitcoin approached $11,100, which is an astonishing 13 percent increase. Other cryptocurrencies are seeing an increase in their prices as well. For example, Ethereum has gotten over $300.

Yesterday, a professional trader named Peter Brandt, tweeted that the price of Bitcoin is going toward $100,000.

In the tweet, Peter Brandt also sent a table that showed how much the price of Bitcoin has grown from 2011 to 2017. The value of Bitcoin has grown by 9,765 times from 2011 to 2017. Peter Brandt believes that no market has ever grown to this extent so fast.

In the month of May 2019, the co-founder of a Blockchain investment firm named Kenetic predicted that the price of Bitcoin will increase so much so that it will get to $30,000 by the end of the year 2019.

Early in the month of June 2019, in an interview with Bloomberg, the founder and CEO of the company Digital Currency Group said that it seems we are coming out of the winter of cryptocurrencies and entering the spring of the cryptocurrencies.

However, during the same week, a Blockchain researcher who used to work in Wall Street expressed that the winter of cryptocurrencies may not be over yet. He said that we should be careful about the price of cryptocurrencies.

The cyber security firm, Kaspersky Lab, released some statistics this week that showed 19 percent of the people of the world have bought cryptocurrencies. So, perhaps the spring of cryptocurrencies has really begun.