Bitcoin hits R2 million

[Daniel Puchert]

Bitcoin hits R2 million

Bitcoin surged past $112,000 (R2 million on exchange Binance) for the first time, setting a fresh record alongside a broad rally in risk assets that has swept up technology stocks big and small.

The original cryptocurrency rose as much as 3.1% to $112,009, pushing its gain this year close to 20%.

 

[Dolby]

Great - I’d have R8m if I was just patient

 

[Zurg]

Great - I’d have R8m if I was just patient

Hehe and I'd be your long lost son.

 

[xera]

Great - I’d have R8m if I was just patient

Looks like the perfect opportunity to buy - before it doubles.

 

[Swa]

I'm pretty sure it was trading above $112k previously so not a true ath.

 

[xera]

I'm pretty sure it was trading above $112k previously so not a true ath.

No - it previously went over R2m, but that was due to the USD/ZAR.

Now the ZAR is stronger, and its still over R2m

So it is a $ ATH

 

[Swa]

No - it previously went over R2m, but that was due to the USD/ZAR.

Now the ZAR is stronger, and its still over R2m

So it is a $ ATH

You should always take these things with a grain of salt and there's a lot of nuance involved. It depends on which exchange you're following and every tracker only looks at a specific few.

 

[Quicks]

History has repeatedly shown with every new record, there is a new record crash.

Trump just need to fart, and the markets tremble.

 

[Jan van Riebeeckstad]

@UB40 now has enough money from Bitcoin to buy his super carry and become a sugar daddy

 

[Swa]

History has repeatedly shown with every new record, there is a new record crash.

Trump just need to fart, and the markets tremble.

Xactly. It's just a matter of how high it goes that's unpredictable. But expect a lot of volatility during the next 3.5 years.