[Note: At of the time this post was written up, November 4, 2017, UTC 23:45, the price of bitcoin was $7,378.00 each]
Although the chart does not note specific circumstances that drive the price at a given moment in time, the price increases is amazing. What’s even more incredible, is that it is estimated that bitcoin & cryptos have only achieved about 2% penetration into public awareness. To add to this perspective, the large crypto exchange Coinbase, where you can buy Bitcoin using US Dollars, is, as of this posting date, averaging 1,000 people open an account every day. If each of them only spent $100 when they signed up, that adds up to $3,000,000 of new money going Into bitcoin every month. And that is just one exchange in one country. That’s not including Japan (where bitcoin is legally recognized as a currency,) China, Russia, South Korea and the rest of the world.
Again, the more evidence I come across, the more firm I become in the view that over the long run, the price of bitcoin is going to increase.
If you are looking to open an account with Coinbase and start purchasing bitcoin, you can do so via this link.
**Disclaimer: As always, the information I share is not investment advice and is for informational purposes only. Before making any investment decisions involving money, always do your research and use your best judgement before you commit. Any decision you make is all on you.**
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