Bitcoin breaks US$100 Billion in value, soars to over US$6000 for the first time

Bitcoin, which is unarguably the world’s most prominent digital currency, just broke through one of the most important milestones ever, vaulting to over US$6000 and over US$100 billion in value.

Welcome to a new kind of currency, or rather, welcome to a new kind of financial system. Today, for the first time ever, Bitcoin surpassed the $6000 barrier, proving that cryptocurrency is, in all likeliness, here to stay.

Bitfinex, which has the highest volume BTC/USD exchange, broke the $6,000 barrier initially. Now, the same can be said for all of the other major exchanges. It has only been a little over a week since the price of bitcoin soared passed $5,300, and then it quickly surpassed $5,800. Now, it has surpassed another barrier.

Ultimately, this surged caused its market capitalization to exceed $100 billion for the first time.

The digital currency is expected to continue rising in price, with cryptocurrency mogul Mike Novogratz predicting that it could hit $10,000 sometime next year and other industry experts saying it will top $25,000 within the next 5 years.

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Source: Bitcoin Breaks $100 Billion in Value, Soars to Over $6000 for the First Time – Futurism.com