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The price of bitcoin reached its highest level on Monday, which allowed a bitcoin bull to state that it will have no difficulty reaching 10 $ 000 in the near future.
The Bitcoin price reaches a new historical record
On Sunday night, the price of bitcoin jumped from $ 5,660 to a record high of $ 6,345 on Bitfinex, the most important bitcoin exchange. Although it has since seen a $ 300 cut, the price of bitcoin continued to trade above $ 6,000 on Monday.
Bitcoin Price Chart | Source: BitcoinWisdom
As NCC has reported, there are a variety of factors that contribute to this surge. In Asia, traders are optimistic about South Korea's decision to regulate bitcoin as a commodity, which many believe will allow the market to continue growing at a good pace. There is also speculation that China will ease restrictions on bitcoin trade now that President Xi Jinping has secured his position as leader of the Communist Party of China in the foreseeable future.
In the United States, meanwhile, analysts predict that the Securities and Exchange Commission (SEC) will soon approve the first ETF that follows the course of bitcoin. The Bitcoin ETFs, coupled with the recent launch of LedgerX 's regulated derivatives platform, is expected to trigger a wave of Wall Street investment in the cryptographic economy.
No difficulty reaching $ 10,000
Commenting on these developments, as well as the bitcoin user base, RT host and long-time bitcoin, Max Keizer predicts that the bitcoin price will reach $ 10,000 in the near future. "Hello $ 10,000!", He wrote on Twitter.
30,000 new #Bitcoin portfolios per day The ETF is coming soon. Wall St. has just started. Regulators wake up to their helplessness. Hello $ 10,000!
– Max Keizer (@maxkeiser) October 29, 2017
Keizer added – as he often reminds his followers – that he set a price target of $ 100,000 for bitcoin in 2011, while he was trading at just $ 3. "Anyone who thinks Bitcoin will have trouble breaking $ 10,000 has not paid attention," he concludes.
Of course, bitcoin must pass at least one meaningful test before it can cross the five-digit threshold. The SegWit2x rigid fork, which is now two weeks away, continues to pose a significant threat to the short-term trajectory of the Bitcoin price. This contentious range – if activated – will cause significant confusion, especially for newer users, and can lead to crazy fluctuations in the price of bitcoin, especially if neither blockchain comes out fast enough to win the fight for Bitcoin. Mark.
Nevertheless, Keizer's optimism is true to form – and has served him well in the past. Earlier this year, Keizer celebrated the record high of $ 4,000 in bitcoin stating that $ 5,000 was "in sight". Many have laughed at this prediction, which came at a time when a blockchain division has emerged as a growing possibility. A split came in the form of Bitcoin Cash, but the bitcoin price shrugged and hit $ 5,000 anyway, confirming Keizer's predictions. Now, just five months later, Keizer remains confident that bitcoin will once again be able to withstand a blockchain division.
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