Bitcoin reaches absolute maximum

Bitcoin, the most expensive cryptocurrency in the world, has become even more expensive after passing through the limits to values we couldn’t even have imagine in 2010 – now one coin costs 6 thousand U.S. dollars, according to the Coindesk price counter.

Many analysts, especially from the fiat market, will continue to insist that Bitcoin is a bubble that will eventually blow up, but congratulations to those who decided to invest in this currency during lower values. And, while they celebrate, for those who thought the long-term bullish trend has ended it would be advisable to reconsider position.

This digital currency has reached $5,000 at the beginning of this September, but in the mid-September it dramatically dropped. Many consider China ICO ban (initial coin offerings prohibition, ICOs are similar to fiat IPOs) to be the reason, but some note that Goldman Sachs predicted that drop even earlier. We might expect another drop soon – or not, as the cryptocurrency market has much more volatility than fiat market.