Bitcoin just passed $4,000


About an hour ago it surged passed $4,000 and has no signs of stopping.
Without wasting too much of your Saturday night with detailed analysis, here are a few possible reasons you can tell your friends during brunch tomorrow.
Two weeks ago Bitcoin went through a hard fork, and came out essentially unscathed.
Sure, a bitcoin-clone called Bitcoin Cash was created , but it’s gotten a lot less attention than most people expected.
These two code-related developments have helped boost conference in Bitcoin’s future.
Just last week Filecoin raised $180 million in a few hours .
Most investors have to convert fiat currency to bitcoin or other cryptocurrencies to participate in ICOs, which could be driving up the price (and providing some investors with their first taste of bitcoin).
You can’t watch CNBC for five minutes without seeing a trader or analyst give their opinion – which is usually something insanely bullish like “it’s going to be the best performing investment of the year”.
Bitcoin could crash 50% to $2,000 tomorrow or spike to $5,000 – and I don’t think anyone who truly knows crypto would be surprised at either option.
veryone has a different opinion – some say the bubble is oversized and should have popped months ago – others think that bitcoin is currently just a fraction of what it could eventually trade at.
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