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Future Society

Bitcoin Does It Again: New Record High Over $4,700

While the cryptocurrency market wavers, bitcoin surges up.

Patrick CaughillAugust 29th 2017

It seems like Bitcoin has forgotten how to not keep breaking records. The first and most popular cryptocurrency has once again topped itself earlier today by trading at $4,703.21 out-pacing its previous high of $4,522.13 that set it back just a few weeks ago on the 18th of August.

 

Image credit: Screenshot from CoinDesk
Image credit: Screenshot from CoinDesk

At the time of writing, the price has dipped ever so slightly, yet still remains well over that previously set high. As a whole, the cryptocurrency is up over 350 percent from its value at the beginning of the year.

Many late adopters may be kicking themselves for not getting in on the ground floor and making easy money, but according to a top strategist, a single Bitcoin could end up being worth up to $20,000 in the next three years.

So if you’ve got the extra scratch laying around, it may be that time to dive in and collect on this astronomical success. There’s no telling how high the cryptocurrency will go or even if it might crash, but for now, investors can enjoy the marvel of its meteoric rise.

 

Disclosure: Several members of the Futurism team, including the editors of this piece, are personal investors in a number of cryptocurrency markets. Their personal investment perspectives have no impact on editorial content.

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