Bitcoin Price Rises again | Just clocked $15,000
Bitcoin price is rising fast and beating all expectations and criticisms.
This is the best year so far for bitcoin as it speeds past $10,000, $11,000. $12,000, $13,000, $14,000 and now at $15,000 all in just one week.
This for some people is a surprise but for those that have been watching the trend and seeing its rise. It isn’t a surprise that the price is up to $15,000 but for everyone its timing is the surprise. I told a friend it would get to $15,000 by June next year. I never thought it would happen in this year considering bitcoin became $1,000 at the first week of January.
Bitcoin price has been on the rise due to so many factors. For which I had covered in my last post.
FOMO causing Bitcoin price rise
A lot of what we are seeing now is the fear of missing out- FOMO- playing out.
As the demand increases, the price for bitcoin goes up. Most of these increases are initiated from the Korean market and they seem to be on the verge of buying up every bitcoin they can find and with that comes the price increase.
If you have been following the trend. You would have to be careful with price increases as it moves up and at some point it would fall and there would be a rebound to higher heights.
Bitcoin Futures causing Bitcoin price rise
A large reason for bitcoin price rising this December has been due to announcements by CME group to go into bitcoin futures on the 18th of December . Other investment houses are all coming out with bitcoin futures and for the first time since its use from 2009. It is now being formally recognized as an investment instrument and there is lots of money to be made from investing in bitcoin.
Bitcoin is something everyone has to take seriously now
It has shocked and surprised all investors and critics alike.
It is the largest and biggest store of value now.
It is now been used in all over Asia, Europe, Australia, the US, and some parts of Africa.
According to CNBC: The digital currency's gains accelerated after crossing the psychologically key level on Tuesday night. Bitcoin now has a market value of more than $230 billion, meaning it would rank among the 20 largest stocks in the S&P 500.
So if you have been thinking, this is just a hoax….think again.
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