Bitcoin’s price has reached $10,000 USD per BTC across global exchanges, and bitcoiners everywhere are celebrating with glee. The decentralized currency has captured the five-digit price range just a few weeks before the end of 2018.
‘If You Don’t Believe It or Don’t Get It, I Don’t Have the Time to Try to Convince You, Sorry’ ~ Satoshi Nakamoto
Those famous words continuously ring in the ears of bitcoin naysayers to this day. Now, all the believers who predicted bitcoin would reach $10K by 2018 were right on the money this year as BTC has touched new boundaries. The digital asset just surpassed $9K just two days ago and at approximately 9:45 pm on November 28, 2017, bitcoin’s value captured $10,000 price range. Bitcoin has outpaced every single nation-state issued fiat currency by miles and continues to perform better than commodities like precious metals. Earlier this year many people forecasted bitcoin would hit $10K by the end of 2017 however one man predicted it would three years ago.
Tim Draper the ‘Bitcoin Nostradamus’
Bitcoin’s Meteoric Price Rise This Year Crosses the $10K Zone Back in September of 2014 the notorious tech-venture capitalist, Tim Draper, told the world that bitcoin would reach $10K by 2018. At the time the price was $400 as it was entering a year-long price slump and was dubbed “Worst Currency of the Year” by many mainstream news publications. Mr. Draper also threw down on a monstrous cache of bitcoin purchased from the Silk Road Auction. The man purchased 30,000 BTC for $13M, and now that stash is worth over $300M making him a cool $287M in just a few years. Other notable financial moguls that had predicted the latest price high include former Fortress tycoon Mike Novogratz, Fundstrat’s Tom Lee and many more. Even Mark Cuban recently explained to Business Insider that bitcoin would continue to rise as long as it remains a store of value.
Last Year truckcoin.com Asked Readers: What Would You Do If Bitcoin Hit $10K?
Additionally back in May of 2016, we asked truckcoin.com readers what would happen if bitcoin hits $10K? Many cryptocurrency enthusiasts revealed what they would do if the digital asset reached this price territory. One reader explains;
There is no ‘cashing out’ from my standpoint. This is about exiting the Federal Reserve note-based (FRN) system. I always ask gold bugs about their exit strategy and they never answer me. If one ounce of gold traded for $10,000 would you cash out? If so why would you want FRN if you need $10,000 to obtain one ounce of a shiny metal?
Cryptocurrency Markets Show Enormous Energy This Month
Today alone, bitcoin’s market cap has surpassed over $167B, and BTC markets have seen over $6.3B worth of bitcoin trade volume over the past 24-hours. Further, since bitcoin was unleashed into the world, there are now over 1,322 cryptocurrency clones out there trying to compete. It took eight years for the entire cryptocurrency market cap to reach $200B, but it only took 24 days for the crypto-universe to capture $300B. The top ten exchanges swapping the most bitcoin this month include Bitfinex, Bithumb, GDAX, Hitbtc, Bitflyer, Bitstamp, Coinone, Bittrex, Poloniex, and Korbit. The top three countries right now exchanging the most substantial sums of BTC are Japan, the U.S, and South Korea commanding the majority of this month’s trade volumes.
$10K Is No Moon; This Is Just the Beginning
Now more than ever people hear about bitcoin and the benefits it has to offer. Bitcoin is discussed on every financial news outlet, the technology is talked about on television shows with millions of viewers, and the world’s nation states are now taking bitcoin very seriously. In reality, true BTC believers know that the masses are just getting their first taste of digital asset technology and $10K is only the beginning.