Bitcoin Hits $6,000, Market Cap Exceeds $100 Billion

“WHEN WE START TALKING IN THE TRILLIONS WE ARE BEGINNING TO TALK ABOUT A SHIFT IN THE FINANCIAL AND MONETARY SYSTEM”

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Bitcoin prices reached a new all-time high on Friday, surpassing the $6,000 threshold as well as hitting $100 billion in total market capitalization.

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The former all-time high was set just over one week ago on Oct. 13 when the price hit $5,865.10.

According to CoinMarketCap.com, the cryptocurrency has exceeded $100 billion ($0.1 trillion) in market capitalization for the first time.

Jeff Berwick
Jeff Berwick

“When we start talking in the trillions we are beginning to talk about a shift in the financial and monetary system,” said Jeff Berwick, founder of The Dollar Vigilante.

“And, as I pointed out recently, bitcoin is still but a glimmer in the all-seeing eye, so to speak, of the overall monetary picture. If bitcoin is truly on its way (and it’ll still be years if so) to becoming a widely used currency, then its upside is still massive.”

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