Bitcoin broke through $5,000—but there are major risks ahead

Bitcoin is on an amazing bull run. The cryptocurrency easily surpassed $5,000 per coin and is currently trading at about $5,500—and many are wondering why. 

The cryptocurrency’s main issues haven’t been resolved. Despite the recent upgrade, it’s still too slow to be a dependable payment platform, and the people running the show remain sharply divided over how Bitcoin should move forward. 

Furthermore, recent news that China is shutting down ICOs and crypto exchanges (and threats from many other jurisdictions to do something similar) put a lot of downward pressure on Bitcoin’s price.

And yet, the price of Bitcoin nearly doubled since it briefly went below $3,000 on Sept. 14. Read more…

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Source: Mashable | Bitcoin broke through ,000—but there are major risks ahead