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Bitcoin price news: How bitcoin could reach $50,000 SOONER than 2020 | City & Business |…

22 Aug Bitcoin price news: How bitcoin could reach $50,000 SOONER than 2020 | City & Business |…

Posted at 20:23h in Bitcoin News by

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On December 17, 2017, Bitcoin reached an all-time high of $19,783.06 (£16,131.50) before plummeting to $13,800 (£11,252.80) on December 22. At the time of writing the cryptocurrency was priced at $10,200.07 (£8,317.34) – but soon it could see drastic highs according to cryptocurrency experts. Currently, the price of bitcoin is hovering in the region above the mid-$10,000 (£8,154.20) level.

Now, the top-ranked crypto has appeared range bound between $9,000 and $12,000 (£7,338.78 and £9,785.04).

However, an all-time high of $50,000 (£40,771.00) is not inconceivable according to cryptocurrency experts.

Joseph Denne, CEO and founder of Edge Network told Express.co.uk: “It is more than likely that we will see a new all time high in BTC value, and that this will occur within the next 12-24 months.

“The underlying technology is proven, and a fundamentally sound financial mechanism; the hash rate (the speed at which a compute is completing an operation in the bitcoin code) is at an…

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