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    Home»Bitcoin»Bitcoin Value Skyrockets to $85K. May It Hit $850K?
    Bitcoin Value Skyrockets to K. May It Hit 0K?
    Bitcoin

    Bitcoin Value Skyrockets to $85K. May It Hit $850K?

    By Alex DovbnyaNovember 11, 2024No Comments2 Mins Read
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    Bitcoin Price Skyrockets to $85K. Could It Hit $850K?

    Cowl picture through www.freepik.com

    Disclaimer: The opinions expressed by our writers are their very own and don’t characterize the views of U.At present. The monetary and market info offered on U.At present is meant for informational functions solely. U.At present just isn’t responsible for any monetary losses incurred whereas buying and selling cryptocurrencies. Conduct your personal analysis by contacting monetary specialists earlier than making any funding selections. We imagine that each one content material is correct as of the date of publication, however sure provides talked about might now not be obtainable.

    Bitcoin, the flagship cryptocurrency, hit a brand new report excessive of $85,000 on the Bitstamp change at 16:24 UTC. 

    Article image
    BTC/USD by TradingView

    The main cryptocurrency is already up by greater than 100% in 2024 after including 155% throughout the earlier yr. 

    The crypto king has to date surged by as a lot as 20% throughout this November.

    Polymarket bettors now see a 53% likelihood of Bitcoin hitting the $100,000 mark throughout this yr. 

    How excessive can Bitcoin go? 

    In response to Blockstream CEO Adam Again, the flagship cryptocurrency may find yourself skyrocketing to as excessive as $850,000 throughout this bull market cycle. 

    Again, who was famously cited within the Bitcoin white paper, predicts that Bitcoin’s market cap will flip that of gold. 

    “My name is bitcoin flips gold market cap this cycle, which if gold stayed flat is round $850K. In apply, bitcoin shopping for might take cash from gold ETFs, pulling gold down to satisfy it,” he mentioned.  



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