en
Back to the list

Bitcoin does not seem to stop growing and reaches $7000

01 November 2017 21:00, UTC

As the statistics data from Coinmarketcap shows, Bitcoin has briefly become worth $7000 per coin, which makes it a new record. All signs show that the optimistic market sentiment we have seen in the late summer has fully resumed. The reaction of social networks is very hopeful, as many think that now it would be much more difficult for financial conservatives to ignore the market.

But the sad truth is that this current trend will not change the sentiment of the greatest Bitcoin skeptics. What will really change it is the increased security in future protocol updates of this cryptocurrency.

Previously, Bitcoin has reached $6000 and $6500 in a very short period of time, and there is no certainty when will it ever pause. SegWit2x hard fork might become the factor, as many see a great market division with famous speakers taking sides in a debate about what will be called a real Bitcoin after this fork implementation. B2X supporters claim that the chain with bigger difficulty is a real Bitcoin, while NO2X camp suggests it is all a corporate conspiracy to drive out individual miners from the market.