Bitcoin will soon reach $ 5,000

Max Keiser, host of the Keiser Report, broadcast by RT, says we're getting close to record-breaking Bitcoin prices.

In this regard, Keiser twitted:

"Bitcoin is approaching new records. Regulators will rub their hands when they see Bitcoin at $ 5000-10,000."

Adoption level has increased:

• Looking from the perspective of a digital currency, Bitcoin has an extraordinary demand in some parts of the world, such as South Korea or Japan. Recently, Capsule Hotel from Japan began accepting Bitcoin as payment.

• Accommodation Capsule Hotel is popular among freelancers and tourists, offering cheap services. The implementation of Bitcoin payments in these hotels occurred shortly after other Japanese companies also accepted Bitcoin as payment. These include the Peach low cost aviation company, the Bic Camera electronics retailer or the PoS AirREGI system.
  

  

The media, eyes on Bitcoin:

• International media networks provide more and more exposure to Bitcoin. The possibility of Bitcoin becoming a competitor of the foreign reserves at the global level was even debated.
• Some publications, such as the Wall Street Journal, posted for several weeks on the front page articles about Bitcoin.
• Bitcoin is currently attempting to return to the quotations preceding the last depreciation. As in the past, Bitcoin has always managed to recover after having undergone a price correction.
• Keiser is one of the enthusiasts of this idea. Recently, he said the bitcoin will follow this trend until it reaches $ 100,000.
  If we think about adopting Bitcoin, Keiser's forecast of a $ 5000-10,000 price seems realistic. In the past 12 months, for example, Bitcoin value has risen from $ 640 to $ 2575.

Although, many investors and traders are afraid of a hard bifurcation, which would cause the emergence of two Blockchains. But analysts and experts have explained that the chances are low for that to happen.

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