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Bitcoin Is About To Hit $5000 USD!! - To The MOON! by joshsigurdson

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bitcoin · @joshsigurdson ·
$25.36
Bitcoin Is About To Hit $5000 USD!! - To The MOON!
![bitfive3.png](https://steemitimages.com/DQmV1N7mUG1jFabbTKkhqeHXHUhpDgV5vRykV2n8ZDxBNdH/bitfive3.png)

Hey everyone! Just a quick write up. As I sit here and write this, I watch as Bitcoin hits *$4975 USD!* We're almost there!
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![bitfive4.png](https://steemitimages.com/DQmWw12TukxH1oFHrgh3kfiF5ShAbHuSJEEVLRNsbAGGqtL/bitfive4.png)

People were called crazy just 5 or 6 months ago when they said Bitcoin would hit *$5000 USD* by the end of the year! Talk about undervaluing! It looks like *$7500 USD* is more realistic! 

Every time we watched a slight correction take place, the media panicked and discredited their monetary knowledge, but what's new? From Mark Cuban calling it a bubble to now putting tons of his own money into cryptos, we're looking at an amazing rally to come and of course a few bumps along the way!

As the stock market gets ready to burst as 30 billion dollars was taken out of US stocks by investors in the past 10 weeks alone, Bitcoin has now surpassed *(by far)* PayPal and Netflix, nearing the market cap of Morgan Stanley! This is incredible! But most of us knew it was coming. To think it's still only the beginning!

As I often mention, at the 7 year average daily rate of growth, Bitcoin will likely hit *250k* by 2020 and knowing past predictions, we're probably underestimating and undervaluing this beautiful haven from central banks as they get another massive slap in the face. 

Diversification is important as well. Watch the gold and silver markets gain steam despite massive manipulation should also alert us that something epic this way comes... *But never worry! You've got Bitcoin!* ;) 

Thanks for reading! Don't forget to Upvote & Follow! :D
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vote details (105)
@barrydutton · 
I just posted the latest on this in my series too with all the charts and overview etc.

What a week and how bout that LiteCoin too 

LOL
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@bitcoinflood · 
Bit of a sell off at the moment just missed the 5k but some exchanges did in fact hit that 5k mark just a bit ago
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@cannabissativa · 
Where will this end ? :)
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@coinlend ·
$0.92
test title
Hey ,
Very interesting read, Thanks you for sharing it!
👍  ,
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@lordcarlo297 · 
great post my friend @joshsigurdson hopefully we all will enjoy of it at 250k in 2020 :)
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@mardah.resonance ·
$0.51
Happy $5,000.00 Bitcoins via coindesk's BPI!!!
👍  
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@joshsigurdson · 
:D
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@masterwu · 
Wow! To the moon!
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@michiel ·
$0.40
https://coinjournal.net/estonian-government-considering-raising-bitcoin-sovereign-wealth-fund/

If it becomes a trend that nations HODL bitcoin in their treasury I think 7500 USD per bitcoin is VERY low. I suspect that when one country starts others will follow after seeing the creation of wealth. 

Bitcoin to the moon!
👍  
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vote details (1)
@mother2chicks · 
Unbelievable! Always a day late!  Hope you got a good share of the bitcoin. 🐓🐓
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@ramblin-bob · 
Hasn't managed to cross just yet on the dollar exchanges but it has been well over $5000 worth of reals in Brazil all week
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@sanjay91422 · (edited)
It is already above $5000 now. wow! :)
👍  
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vote details (1)
@stocks29 · 
It'll be interesting to see how long this pullback lasts. I suspect [we've still got a ways to go](https://steemit.com/bitcoin/@stocks29/bitcoin-bearish-case-elliott-wave-update-price-is-progressing-as-expected) before the rally resumes.
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