Driven by roaring demand from Wall Street and retail Internet buyers, Bitcoin’s price continues to mark fresh milestone highs in July. On Monday its price soared to a record $123,000.
Bitcoin’s Price Flies To New Highs
Beyond reaching fresh all-time highs, Bitcoin daily trading volume drenched exchanges as the average trade price began to settle down to the $117,000 level.
Investing in BTC has been very profitable for nest egg retirement savers, casual retail altcoin traders, and serious corporate investors, like Michael Saylor’s Strategy Inc. Bitcoin’s market cap in realized gains tapped the $1 trillion mark over the week.
In other words, the total value of all the circulating Bitcoin, cost based over the last time each piece of it moved on chain, was a mouth-watering $1 trillion in July.
Peter Schiff Says Hello Dollar Weakness
But Euro Pacific Capital founder and chief, Peter Schiff, wasn’t impressed by Bitcoin’s feat. He has made a name for himself among crypto investors
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