Home Fintech Bitcoin Surpasses $4,000, Reaches Another Milestone

Bitcoin Surpasses $4,000, Reaches Another Milestone

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Bitcoin surpassed $4,000 today, reaching its latest milestone and setting yet another all-time high.

The cryptocurrency, the world’s largest by market capitalization, reached as much as $4,000.93 during the session, according to figures provided by CoinDesk’s Bitcoin Price Index (BPI).

At the time of report, Bitcoin prices had fallen back somewhat, retreating to $3,912.18, additional BPI figures show.

Mammoth Gains

By hitting this latest milestone, Bitcoin has surged more than 300% year-to-date, rising from less than $1,000 at the start of the year to break through key price levels of $2,000, $3,000 and $4,000, according to CoinDesk’s BPI.

Over the last several months, media outlets have produced countless stories about “Bitcoin millionaires” and the sharp returns that everyday investors could have generated had they simply purchased bitcoin in its early days and held the innovative asset until this year.

Now, so-called “Bitcoin Believers” will have an even stronger case, as the cryptocurrency’s latest price milestones have provided Bitcoin loyalists with increasingly robust returns.

Source: Forbes