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Bitcoin Price Breaks 50,000, Bitcoiners Brace For New All Time Highs



Early this morning the Bitcoin price broke $50,000 again, as it did on August 23rd, which was then the highest price seen since Bitcoin’s correction in May. After the dip, the Bitcoin price hovered between 30-40k for most of the summer.

Although it’s impossible to say for certain, many are projecting the price to significantly appreciate from here to close out the year. Recall that just one year ago today, the Bitcoin price was sitting at around $10,174.

In 2017 the Bitcoin price went from about $10,000 to $20,000 in eighteen days, achieving a blow off top all time high. Just last week investor Anthony Pompliano told CNBC, “It would not surprise me to see something crazy like that happen before the end of the year.”

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