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Bitcoin hits $6000, with $100 billion in value

Bitcoin has a total market value of over $100 billion, with its new record $6000 price
By: Anthony Garreffa | Cryptocurrency & Mining News | Posted: Oct 22, 2017 2:17 am

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.

 

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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 SOURCES:Marketwatch.com

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