The price of Bitcoin continued to rise Friday morning, peaking above the $54000 mark at 11:25 am ET. The cryptocurrency is currently used for more than 80% of transactions with online gambling sites operating in restrictive markets.
Bitcoin also just reached a $1 trillion market cap.
The valuation is a milestone to many crypto supporters who have rallied for the leading currency for the last decade, according to Bitcoin.com.
The conversation about reaching the 1 trillion dollar milestone was a topical conversation all week, as bitcoiners said it was a long time coming. The same day, the software developer, Jameson Lopp, also talked about the $1 trillion event on social media. “The first trillion is the hardest,” Lopp tweeted to his 262,000 followers.
– Aaron Goldstein, Gambling911.com