Bitcoin hits $6000, with $100 billion in value

Bitcoin has a total market value of over $100 billion, with its new record $6000 price.

@anthony256
Published Sat, Oct 21 2017 9:17 PM CDT   |   Updated Tue, Nov 3 2020 11:53 AM CST

Bitcoin has hit a new record of $6000, with the largest cryptocurrency reaching a total market value of $100 billion. If we compare this to credit card company American Express, which has a market value of $96 billion, Bitcoin is a serious thing now more than ever before.

Bitcoin hits $6000, with $100 billion in value | TweakTown.com

A single Bitcoin reached $6064, reaching a market value of $100.81 billion or so, which is all leading up towards the upcoming Bitcoin fork that's expected on October 25. Then weeks later on November 18, Bitcoin will roll through SegWit2x, which is going to cause more instability (good, or bad) in the price of BTC.

With some people saying Bitcoin could be worth $100,000 or even $1 million per BTC, that reality could be here much sooner, rather than later. Just imagine being that person who traded 40,000 BTC back in the day for some pizza... that is worth $240 million right now. Ugh.

NEWS SOURCE:marketwatch.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. 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.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles