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Bitcoin’s value has risen from $5,000 an is heading toward $9000. Is it time to invest?

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Bitcoin has been following a steady, upward trajectory as of late, recently approaching the key $6,000 price level. According to CoinDesk sources, The world’s largest cryptocurrency by market value has risen from close to $5,000 in late April to nearly $5,975 in May and is heading toward $9000

It is worthwhile to note that the market over the past 1-2 months, has seen significant upward momentum and has brushed off numerous negative headlines within the space. Many analysts believe that if the bitcoin crossed the psychological $6000 barrier, it will have a speedy upward momentum.

Although, investing in crypto coins or tokens is highly speculative and the market is largely unregulated, do you believe that now is the perfect time to invest in Bitcoin?

 

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Written by Darren Silverman