It happened. One bitcoin is now worth more than $10,000. The price of bitcoin has risen above $10,000 on CoinDesk’s Bitcoin Price Index (BPI) for the first time. The milestone was hit on international exchanges earlier in the day especially in the South Korean trading platform which saw trading above that threshold both yesterday and today.
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Since bitcoin’s market capitalization is less than $200 billion, enthusiasts point out the digital currency could rise dramatically if it draws even a tiny fraction of the world’s $200 trillion in traditional financial market assets.
Some say this is the nascent start of a trillion dollar industry and the biggest thing to happen in technology since the internet was invented. Some think that bitcoin will replace gold and U.S dollars and every monetary instrument in between.
Read other of our interesting stories on Bitcoin below
An article published recently by Cointelegraph on the smartest way an average person can get into the Bitcoin craze which was quickly deleted is available here for your digest. Read the full article below