Hello friends,
As you might know by now BTC hit 6000 USD today for a short while. As always hitting new 1000 level is pretty significant but what is even more significant is the time frame of reaching that level.
There is actually one twitter user that has done some interesting comparison from the early days of BTC until now.
It seems like we are entering a new stage of BTC price speed development where 1000 USD movements in either direction won't be that significant. It will be very interesting to see what happens in 2018 as this year was truly phenomenal not only for BTC but for the whole industry. I personally believe that we have not seen anything crazy yet. Once the hedge funds, institutional investors and governements start buying into BTC then we will see the real FOMO! I hope you are all benefiting from the cryptocurrency phenomena as this really is the new wealth buidling tool.
PS: I have also just realized - 100 billion USD BTC marekt cap! That is another huge milestone!
Please feel free to check out some of my other recent posts.
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Tomas
CEO & Founder of CGH