Road to $10,000: How Bitcoin Price Broke $3,000 and What’s Ahead
Source: https://cointelegraph.com/news/road-to-10000-how-bitcoin-price-broke-3000-and-whats-ahead
Bitcoin price continued in its upward movement by conquering the $3,000 mark. This happened just days after the cryptocurrency was forked and Bitcoin Cash emerged.
Bitcoin is the first and always leading cryptocurrency. According to Kumar Gaurav, Founder of Cashaa - Auxesis Group, it had the longest time to successfully establish and mature when compared to any other cryptocurrency.
This success cannot only be seen in the continuous growth over the past years but also in the speed of recovery after so-called “crisis.” The fork has eventually turned out in favor of Bitcoin, with investors dumping Bitcoin Cash, buying more Bitcoin and altcoins, with almost all top 100 cryptocurrencies gaining massively.
Other reasons outlined by Gaurav for his positive outlook towards Bitcoin include the fact that more institutional money is going into Bitcoin, with the price increase in itself attracting more investors.
