Another day, another Bitcoin all time high. It seems nothing can stop Bitcoin right now, we saw it only days ago crash through $10,000, well here we are now at $13,556 at time of writing.
So called experts in the financial sector will of course still be calling this an ‘obvious bubble’ and comparing it to tulips and dot.com, but they’ve been banging on about this for years. That is not to say we won’t see yet another correction, we will, most likely in the next 24 – 48 hours. However, bitcoin is still incredibly undervalued, with only a maximum of 21 million in circulation and an estimated 3 million already lost the supply does not match the demand. Adoption has already out numbered the number of coins in circulation ten fold.
We expect the trend to continue upwards as we’ve seen over the past few months, next major milestone is $20,000 which will most likely be hit within a month.
Hold onto those bags, the ride has only just started!