The price of bitcoin has hit a new high on the CoinDesk Bitcoin Price Index (BPI), reaching an $1,902 average across global exchanges.
While one in a string of new all-time highs the digital currency has so far set in 2017, this one is perhaps notable as it means the price is now within striking distance of $2,000, a figure that would effectively find the asset doubling in value in 2017.
Read more here: http://www.coindesk.com/bitcoin-100-doubling-price-2017/
I pegged BTC at $2100 by the end of the year going into 2018 a few days ago. Heck, we might see it by the end of the month! My fingers are crossed but I'm thinking a Major PULLBACK just before it touch's $2000...
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Or it might just keep going up. It'll make some people rich for sure. Other people will lose big-time.
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What's driving the price up?
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Fear of missing out
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That's amazing.
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