Bitcoin reaches record high pricing of $4500

$4500 per Bitcoin... can you believe it?!

@anthony256
Published Fri, Aug 18 2017 2:41 AM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

For the first time ever, Bitcoin has reached the dizzying heights of $4500, quadrupling its price since December 2016.

Bitcoin reaches record high pricing of $4500 | TweakTown.com

The naysayers of Bitcoin are coming out of the cracks, with The Next Web talking with CoinDesk, who said: "There's certainly a lot of bullishness about Bitcoin and cryptocurrency, and that's the case with bubbles in general. The psychology of bubbles fuels it. You just become more convinced that it's going to work. And the higher the price goes, the more convinced you become that you're right. But it's not going up because it's going to work. It's going up because of speculation".

TNW said that Peter Schiff, who they call a "longtime opponent to the idea that cryptocurrency has any long-term potential", said that the Bitcoin bubble is "about to burst". Now while it might deflate, I don't think it's going to go down and stay down - and if it does, it should scale back up just like it has done again now, to the heights of $4500.

I think we'll see $10,000 before the end of the year... and there are some who have said we'll see it at $50,000+ in the coming years. What do you think? Let us know in the comments below.

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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