Why the Bitcoin Price Is Destined to Hit $5,000 This Fall

The Bitcoin price made big gains - as much as 60% - as a solution to the cryptocurrency's long-running scaling debate suddenly attracted a consensus. Bitcoin miners gave a proposal that would squeeze more transactions into each block 93.8% support. The break in the two-year impasse sent the price of Bitcoin soaring. The scaling debate isn't quite over yet though, as there's a phase two to this proposal coming in November. But the approval of this proposal could push the Bitcoin price to $5,000... Tags: bitcoin price To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Why the Bitcoin Price Is Destined to Hit $5,000 This Fall appeared first on Money Morning - We Make Investing Profitable .
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