Bitcoin Goes Ballistic and Smashes $11,000

A short time ago I posted that Bitcoin was on the verge of reaching $11,000. Well it has now smashed through 11k and is already more than a third of the way to $12,000. The price is moving so rapidly as I type, that the chart screenshot above, which was taken just moments ago, already seems well out of date.

At this rate, 12k or higher could arrive quickly. If it does this will fuel even more mainstream media coverage, which in turn will amp up the current Bitcoin mania where more and more new investors are piling into the space.

I need some sleep. What I will awake to I can only imagine. 12k Bitcoin, 13k Bitcoin, profit taking and a correction. The journey continues ... to the moon!

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