The price of bitcoin has escalated once again to higher levels, surpassing the $1400USD range on a few exchanges. As bitcoin’s successful run continues, many are starting to wonder — How high will the price go?
Bitcoin’s value is rising to levels unseen before as the decentralized currency now captures a $23 billion USD market capitalization. The first quarter of 2017 has been good for bitcoin as the price has remained above 4-digits consistently for most of the year. Furthermore, the price per bitcoin has outperformed every fiat currency in existence and surpassed the spot price of one troy ounce of gold as well. People are beginning to realize bitcoin is a safe haven for failing economies, an escape from capital controls, and a digital asset like no other.
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