Oct 23

Bitcoin Is Heading Toward 10k

As we start this new work week I’m wondering how fast Bitcoin will reach the $10,000 mark. We are starting the week right at $6,000 and given the growth over the past few months, I believe it could happen by the end of  the year.

Here is an article I read in Bitcoin.com News by  C. Edward Kelso

What a difference just a few months make. Once viewed as a plaything for cryptoanarchists and cypherpunks now has become the talk of professional investment communities and media. As of this writing, bitcoin (BTC) has touched 6,000 USD in price. A recent survey suggests $10,000 per BTC is not out of the question. 


$10,000 Not as Crazy as Once Thought

Consumer News and Business Channel (CNBC) ran an unscientific survey, polling its online readers with the question, “Where does bitcoin go from here?”

Bitcoin Bulls in Good Company

Of the more than twenty thousand respondents to the survey, nearly half “said above $10,000,” wrote CNBC Technology Correspondent Arjun Kharpal.

CNBC’s audience is in good company, actually.

Standpoint Research’s Ronnie Moas spies a 7500 USD near future. Tom Lee of Fundstrat Global Advisors called the 6000 USD price by year’s end back in summer, along with Pantera Capital Management’s Paul Veradittakit and John Spallanzani at GFI Group Inc. Mr. Spallanzani is said to have Babe Ruth-like pointed to a 10000 USD bitcoin price by as soon as 2018.

Read the complete article.

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