4 Reasons Bitcoin Could Hit $10,000 (and Why It's Still Not Worth Buying)
When the calendar changes to 2018, it's very possible that 2017 will go down as the year of the cryptocurrency. This past weekend, bitcoin, the kingpin of all digital currencies, logged yet another new all-time high. The mother of all cryptocurrencies wound up hitting an intraday high of $6,151 per coin, which also pushed its market cap briefly over $100 billion. By comparison, the aggregate value of the remaining 1,184 cryptocurrencies combined, as of Oct. 21, 2017, was just $70 billion.
Since the year began, bitcoin has rallied by more than 500%, and some pundits believe it's still just clearing its throat. Next on the docket could be a march to $10,000 per coin. After all, what's another 67% gain when it's up by more than 500% this year, more than 2,000% in two years, and 2,000,000% (yes, 2 million percent) since March 2010?
So, what catalysts are the likeliest to push bitcoin to new heights? My suspicion is a mixture of four tangible and emotional factors will play a role.
Source: Fool.com
