BitCoin and its Rapid Success
BitCoin is rapidly going up in price, and nobody is certain what the reason is.
October 26, 2021
Bitcoin, the world’s largest cryptocurrency by market capitalization, suffered its biggest price pullback in almost a month reaching a new all-time price of a whopping 67,000 dollars. The bitcoin price went up by 6% in the last 24 hours. “Earlier this week, analysts told CoinDesk they saw bullish indicators in price charts, touting predictions of $80,000, $86,000, even $100,000.” There were predictions of the price reaching 100,000 dollars by next month. Everyone is taken back by this news, 5 years ago Bitcoin was worth 1,000 dollars. Now it is almost 70 times it’s original price. People want to know why these changes are happening so rapidly. What is happening in the economy, and could it continue to change? What will we do next?
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