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Bitcoin Nears $19,000 As Advocates Predict Currency Will Top All-Time Highs
Summary: Bitcoin is rapidly approaching $19,000 for the first time in almost three years, setting crypto Twitter on fire as advocates predict the currency will top all-time highs. Bitcoin is currently trading hands at $18,605 gaining 3.98% over the course of Friday. The currency's price has almost doubled this years, surfacing memories of the currency's 1,375% surge ...
Bitcoin is rapidly approaching $19,000 for the first time in almost three years, setting crypto Twitter on fire as advocates predict the currency will top all-time highs.
Bitcoin is currently trading hands at $18,605 gaining 3.98% over the course of Friday. The currency's price has almost doubled this years, surfacing memories of the currency's 1,375% surge in 2017 which launched Bitcoin past the $20,000 mark.
Commentators attribute Bitcoin's recent rise to the wider institutional adoption this year including Square's investment, Paypal's adoption and Microstrategy naming BTC the company's reserve currency which sparked a flurry of investment from other businesses.
Expanding Bitcoin's investor base is the strongest path towards a higher price tag, many believe that institutional invesors joining the crypto space will also bring in a larger pool of retail investors.
By Emily Mason
Tags: Bitcoin,BTC
Link: Bitcoin Nears $19,000 As Advocates Predict Currency Will Top All-Time Highs [Copy]
