Bitcoin Pushes On, Reaches An All Time High of $12,000

Bitcoin has, yet again, crossed an all-time high, crossing the $12,270 mark yesterday.

Despite many conspiracies against the cryptocurrency, bitcoin has again broken all records touching $12,270 — and it currently stands at $12,180.

Last week, after surpassing $10,000 mark, Bitcoin gained over $500 since the opening on Tuesday — which is a gain of over 4%, overall.

Now, after crossing the $12,000 mark, Bitcoin’s market capitalization has been pushed above $200 billion for the first time since its inception.

Even with the constant rise in bitcoin’s price, people still consider this technology as a ‘bubble’ that could pop anytime soon.

Mike Novogratz at a cryptocurrency conference in New York said,

This is a bubble and there is a lot of froth. This is going to be the biggest bubble of our lifetimes.

Previously, Bellaj Badr, CTO at a specialized startup in the Blockchain Technology Mchain, had also added his remarks saying,

This bubble won’t burst soon … the price will continue climbing to reach a new all-time high level.

Contributor


  • Waisy China Chahye to BitCoin Under CPEC Allow Karwa Sakta hai Pakistan Main :)

    • Amir ataa

      hmasha chaar aane wali baat karna bewaqoof!

    • Umar

      And what does Chinese have to do with owning bitcoins. Several Pakistani are doing business in BTC buying, selling , trading etc

    • Hello Kitty

      The South Korean tech giant and largest smartphone manufacturer, Samsung is once again up to something to astonish its consumers. Samsung recently announced that it has started mass production of world’s first 512GB embedded Universal Flash Storage (eUFS). Samsung’s upcoming flagship phones are expected to feature this embedded chip.

    • Hello Kitty

      After seeing a record high of $10,000, just a week ago, Bitcoin has finally passed $12,000 mark and it is now trading at $12,185

    • Abdul WAHAB junior

      Just one question, whether bitcoins are Islamic or not?

      • Zeeshan Taj

        Aap ye btaein ke Islamic Kyun nhi hai??? Aur kya ye jo rupee currency hum istimal kartay hain jis ki bunyaad hi SOOD par hai kya ye b Islamic hai?

        • Abdul WAHAB

          Some one in Turkey has said it is un-islamic.

  • Zuni leaks

    You know, computing power and electricity required to mine a single Bitcoin is almost 50-75% of it’s value. Besides, China has set up acres of server farms in Mongolia and Latin America just to mine bitcoins. No hope of ordinary people like me to even dream to have one Bitcoin in our wallet. The only people who can make money is those offering crypto currency wallet. One other thing, Bitcoin was created by none other than ELON MUSK.

    • Xahid

      Bitcoin bubble will burst in no time, its a virtual money which nobody owns the responsibility.
      so, hold your horses and wait for the climax.

    • Mujtaba Malani

      Just this week, Tesla and SpaceX founder Elon Musk denied being Bitcoin’s creator.