October 20, 2017 New Record Level, One Bitcoin $6,000

Bitcoin, which kept its value stable at $5,500 after its rise on October 13, broke the record of $6,000. Bitcoin yielded much more than any investment vehicle throughout 2017.

Bitcoin price was traded at $6,000 on some international exchanges with a trading volume of $2 billion in the last 24 hours. The highest BTC transaction volumes came from Japan, the USA, South Korea and some European countries, respectively. In countries such as Zimbabwe and Venezuela, there were increases in Bitcoin volumes.

Mainstream media attention and experts’ opinions

Due to the huge increase this year, Bitcoin has become a major contributor to major media outlets such as CNBC, Wall Street Journal, Bloomberg. It attracted the attention of current media outlets and regular headlines began to be made about the cryptocurrency sector. Also, well-known billionaires and top financial strategists believe that the price of bitcoin will continue to rise. Names like Bear Stearns partner Jeffrey Epstein, Fundstrat’s Tom Lee and Fortress’ Michael Novogratz say they see great potential in Bitcoin. Novogratz said he thinks the bitcoin price will reach $10,000 in 6-10 months. Tom Lee thinks that if bitcoin investors capture just 5 percent of the gold market, the price could reach $25,000 in just five years.

bitcoin.com

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Bitcoin rose up to 21,700 TL during the day on Turkish trading exchanges.

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