Bitcoin Price At $4750 And Counting As Charlie Shrem Calls Below $100k ‘Cheap’

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Bitcoin Price At $4750 And Counting As Charlie Shrem Calls Below $100k ‘Cheap’
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Bitcoin continues to push past $4700 as Charlie Shrem claims any price below $100,000 per coin is “cheap.”

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">There will only ever be 21 Million <a href="https://twitter.com/hashtag/Bitcoin?src=hash">#Bitcoin</a>. Its becoming increasingly harder to buy just 1. Anything below $100,000 per <a href="https://twitter.com/hashtag/Bitcoin?src=hash">#Bitcoin</a> is cheap</p>Charlie Shrem (@CharlieShrem) <a href="https://twitter.com/CharlieShrem/status/903305826756161536">August 31, 2017</a></blockquote>

Part of an increasingly large and prominent group of well-known names highly bullish on Bitcoin, Shrem made the comments on Twitter Thursday as the overall cryptocurrency market cap topped $170 bln.

Bitcoin reached a new all-time high in the past 24 hours’ trading, coming in at $4740 on Bitstampfrom a low of $4684.

The latest uptick this week was nonetheless modest enough to earn a “consolidation” tag from entrepreneur Vinny Lingham, who said a further “catalyst” would be necessary to see a significant price breakout up or down.

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Let&#39;s give <a href="https://twitter.com/VinnyLingham">@VinnyLingham</a> some slack here. Even I didn&#39;t think we&#39;d get to $75 so soon! 😁 <a href="https://t.co/QS47chEbsM">https://t.co/QS47chEbsM</a></p>Charlie Lee (@SatoshiLite) <a href="https://twitter.com/SatoshiLite/status/903396938678018051">August 31, 2017</a></blockquote>


Full story at http://bit.ly/2wv28FU

Source: [CoinTelegraph](https://cointelegraph.com)

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