Bitcoin hits $6000, with $100 billion in value

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

Anthony Garreffa

Gaming Editor

Published Oct 21, 2017 9:17 PM CDT
Updated Nov 3, 2020 11:53 AM CST

45-second read time

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 Garreffa

Gaming Editor

Anthony joined TweakTown in 2010 and has since reviewed 100s of tech products. 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 and has recently taken a keen interest in artificial intelligence (AI) hardware.

Anthony's PC features Intel's Core i5-12600K paired with the GIGABYTE Z690 AERO-G, Corsair's 32GB DDR4-3200, and NVIDIA's GeForce RTX 4090 FE. It runs Sabrent's Rocket 4 Plus 4TB with Windows 11 Pro, housed in Lian Li's O11 Dynamic XL, and powered by ASUS's ROG Strix 850W. Accessories include the Logitech G915 Wireless keyboard, Logitech G502X Wireless mouse, and LG C3 48-inch OLED TV 4K 120Hz monitor.