Bitcoin Breaking $5k, Not Bad
Bitcoin broke $5k early morning Oct. 15th, 2017, it then shot up to $5.3k. This marks a milestone for Bitcoin, regardless of what the future holds.
The reason this is notable isn’t just that fact that the coin has gone from $3k to $5.3k in about a month and a half, it is that prior to that it had just barely reached $5k on some exchanges before crashing down to $3k (and had before that shot up just about as quickly).
In other words, this is important because it shows that even when Bitcoin soars to new highs, it flying back down doesn’t necessarily spell the end.
No one knows what the future will bring, as any assets that moves up and down much in a matter of a few months is by its nature rather uncertain, but we can rest assured that for today Bitcoin has shown that even a giant downturn these days ins’t reason to count the coin out.