Earlier today I published a post about Bitcoin passing $17,000 and testing $18,000 in a matter of 24 hours. Now, several hours later the price of Bitcoin has passed $19,000 and still going higher.
The current demand for Bitcoin trading and ownership is so great, that it is pushing the prices to new highs.
The downside of such incredible demand is network congestion which results in delayed transactions and slightly higher costs.
In addition, a few platforms offering Bitcoin trading have informed users that they will put limits on Bitcoin trading this weekend due to exponentially rising demand and not enough resources.
Earlier this week, when first Bitcoin Futures were offered on CBOE exchange in Chicago the demand for new Bitcoin contracts was so great that the traffic temporarily crashed the network.
If this bull run continues we could see the price of Bitcoin reach $20,000 before the end of this week, and not at the end of this year as I have suggested in my previous post.
Note. This post is for educational and entertainment use only and it is not an invitation to trade. Trading involves high risk to your capital.