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Bitcoin Price Breaks 50,000, Bitcoiners Brace For New All Time Highs

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Around midnight on Sunday the Bitcoin price broke $50,000, the highest price seen since Bitcoin’s correction in May. After the dip, the Bitcoin price hovered between 30-40k for most of the summer.

Although it’s impossible to say for certain, many are projecting the price to significantly appreciate from here to close out the year. Recall that just one year ago today, the Bitcoin price was sitting at around $11,650.

In 2017 the Bitcoin price went from about $10,000 to $20,000 in eighteen days, achieving a blow off top all time high. On Monday investor Anthony Pompliano said on CNBC, “It would not surprise me to see something crazy like that happen before the end of the year.”



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