In November 2017, after an absolutely massive, two-month rally, Bitcoin passed $10,000 for the first time. And then, over the next 20 days, it soared even higher, reaching a price of $19,665 and roughly $329 billion in market cap, according to CoinGecko.
The moment felt unreal. How did this new digital asset rise from being an obscure playground for cryptography geeks to something worth hundreds of billions? Even then, unable to categorize it as a currency or commodity, many experts prophesied Bitcoin’s demise, comparing it to the Dutch tulip mania of the 1630s, when tulip bulb prices reached exorbitant highs only to collapse. Read more…
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Source : Bitcoin is flirting with $20,000 again. How high will it go this time?
