RATE Group | Will the FTSE 100 hit 8,000 before bitcoin tops $10,000?
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Will the FTSE 100 hit 8,000 before bitcoin tops $10,000?

29 Sep Will the FTSE 100 hit 8,000 before bitcoin tops $10,000?

Posted at 11:10h in Bitcoin News by

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A depiction of the cryptocurrency Bitcoin

Crypto currency bitcoin has been remarkably stable lately, by its wayward standards. After its spectacular rise from a few US cents a decade ago to $20,000 a coin in December, and the crash that sucked it down to around $4,300 in June, it now appears to be in a holding pattern.

Year zero

At time of writing, it trades at $6,762 a coin. Up some days, down others. In many respects this is respectable, given that some claimed the price would have collapsed to zero by now. Actually, plenty are still claiming that, insisting that it is a colossal pump-and-dump scheme. Others say it is forging its way to respectability. Nobody really knows.

I still have a bitcoin and a few other cryptos lying around online. I’m hanging onto them in the hope that something might happen, you know, like they suddenly soar to $1 million each or something. Dreaming is free.

Bulls and bears

There is always something to get excited about in the crypto world. Right now, people are getting worked up about the lack of…

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