---
title: "Bitcoin Passes $8,000 For the First Time in History"
description: "Just weeks after crossing the $7,000 milestone, the value of bitcoin broke $8,000 on November 16, peaking at $8020 on the Bitfinex exchange."
date: "2017-11-16"
modified: "2017-11-16"
authors:
  - name: "Kristin Houser"
    link: "https://futurism.com/authors/kristin"
url: "https://futurism.com/bitcoin-passes-8000"
categories:
  - "Bitcoin"
  - "Blockchain"
  - "Cryptocurrency"
  - "Future Society"
tags:
  - "bitcoin"
  - "blockchain"
  - "cryptocurrency"
---

# Bitcoin Passes $8,000 For the First Time in History

![bitcoin](<https://futurism.com/wp-content/uploads/2017/11/GettyImages-bitcoin.jpg>)
*Creative cogwheel shaped money coins on abstract city background. Currency concept. Double exposure \<em\>Image: \<a href="http://www.gettyimages.com/license/859129846" target="\_blank"\>Peshkova / Getty Images\</a\>\</em\>*

Just weeks after crossing the $7,000 milestone, bitcoin surged to a new all-time high on November 16, peaking at $8020 on the [Bitfinex](<https://www.bitfinex.com/>) exchange. This marked the first time the cryptocurrency's value passed the $8,000 mark, though it dropped back down to $7,896 at the time of writing.

Earlier this month, Sheba Jafari, the vice president of the Goldman Sachs FICC market strategies team, [predicted](<https://futurism.com/goldman-sachs-bitcoin-consolidate-8000-before-rising-more>) bitcoin's value would consolidate somewhere around $8,000. “The market has shown evidence of an impulsive rally since breaking above 6,044. Next in focus $7,941. Might consolidate there before continuing higher,” she wrote in a note to investors, [according to CoinTelegraph](<https://cointelegraph.com/news/goldman-sachs-predicts-bitcoin-price-consolidation-around-8000-before-continuing-up>).

https://youtu.be/kubGCSj5y3k

Whether she's right and bitcoin lingers around $8,000 or immediately continues upward is up for debate. [Veteran trader masterluc said](<https://futurism.com/get-ready-renowned-bitcoin-trader-says-the-currency-will-hit-15000-in-2017>) in August that he expects it to hit almost double that — $15,000 —before the end of the year, and FundStrat Global Advisor co-founder Tom Lee believes it could surge to $25,000 over the next five years.

With bitcoin [gaining acceptance](<https://futurism.com/popular-payment-app-users-buy-sell-bitcoin>) in the mainstream, neither of those predications are outside the realm of possibility.

*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.*

### Author social links  
[LinkedIn](<https://www.linkedin.com/in/kristinjhouser>)