Bitcoin continues to push past $4700 as Charlie Shrem claims any price below $100,000 per coin is “cheap.”
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.
There will only ever be 21 Million #Bitcoin. Its becoming increasingly harder to buy just 1. Anything below $100,000 per #Bitcoin is cheap
— Charlie Shrem (@CharlieShrem) August 31, 2017
Bitcoin reached a new all-time high in the past 24 hours’ trading, coming in at $4740 on Bitstamp from 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.
In the meantime, cryptomarkets rallied across the board Thursday, while Litecoin came to lead the surge, increasing almost 20 percent at press time to post a new all-time high of $76.
Litecoin has benefitted from Bitcoin’s SegWit activation last month, doubling in value since July.
Lingham had said such prices would not occur “in his lifetime,” but commenting on the success, Litecoin creator Charlie Lee also voiced his surprise, saying the community should “cut him some slack.”
Let’s give @VinnyLingham some slack here. Even I didn’t think we’d get to $75 so soon! ? https://t.co/QS47chEbsM
— Charlie Lee (@SatoshiLite) August 31, 2017