As expected, in comes the price rise. Bitcoin has reached a record high valuation of $3,000 per coin. It was only few months back in may when Bitcoin surged past $2000 and within the span of 4 months the price has crossed $3000 per coin. It was expected that the price would drop temporarily below $2,000 and will rise again.
Price did drop below $2000 last month projecting a rollercoaster ride but pandits predicted that it will rise again. On July 27, exact 10 days ago – Goldman Sachs predicted that Bitcoin May Go Over $3,600.
Some exchanges including China’s OkCoin have tagged the value of one bitcoin above $3,200 at this moment.
Also See: Bitcoin is Better Money, Ethereum isn’t
There is no doubt about the fact that Bitcoin stays to be more lucrative option right now over other digital currencies because of its massive popularity all over the world. Some experts have even predicted that the coin per price may well go over US$250,000 by 2020.
The biggest question is, is that the right time to buy Bitcoin?
Via: Tech Crunch