With the spectacular rate of growth we’ve been seeing lately with Bitcoin (I’m talking about the huge climb from $500 upward at the beginning of this week), is it possible that Bitcoin will hit $1000 by the end of the week?
One week ago, the answer would have probably been “no”, but given recent events, it’s not entirely out of the question. No doubt about it, this is a bubble, and it’s still got a ways to climb before it bursts.
According to Forbes, a person described as “price forecasting analyst” has predicted the price of Bitcoin may hit $1,700 by the end of the week. After that, of course, is a big pop — and not one of the satisfying ones like when you pop a pimple (gross, I know, but the analogy works).