Bitcoin at all time high of $1,900, expected to grow
The hike is believed to be connected with the political uncertainty which is currently impacting global currencies
Bitcoin is soaring to a new high after hitting a peak of $1,939 per coin recently. At this point, it wouldn’t be surprising to see BTC reaching $2,000 in the next few days. Bitcoin is smashing record after record, after reaching $1,800 just a few days ago.
The hike is believed to be connected with the political uncertainty which is currently impacting global currencies, which in turn, pushed people towards digital currencies instead of traditional ones.
According to Coinmarketcap, Bitcoin's market cap reached $32.161 billion today after moving $989.952 million in the past 24 hours. Today's high is a 7-point gain over the past week, with more than $4 billion being added to its market cap.
Bitcoin has been becoming increasingly attractive for investors across the globe who see it as a safe haven during times of political turmoil. While Bitcoin has its own challenges, it is not as easily influenced by issues taking place across the world, mainly because it belong to no country. Therefore if the dollar goes down due to Trump being investigated, Bitcoin still remains high. If Euro faces issues for whatever reason, Bitcoin remains unmoved.
The only things that will influence Bitcoin's value are situations that directly impact it - like a country refusing to accept it as a real currency, or another government discussing ways to track payment.
The recent WannaCry ransomware spread has also helped more and more people find out about Bitcoin, even those who aren't familiar with the notion of digital currencies. It is believed that it has had some impact on the digital currency's evolution this week. As a general rule, Bitcoin is growing in popularity and so are other digital currencies and it will likely continue to do so. Now, we're just going to have to wait to see it hit $2,000.