Can Bitcoin Reach $560,000? | The Motley Fool

Bitcoin‘s (CRYPTO:BTC) price has skyrocketed more than 7,200% over the past five years, easily outperforming traditional assets and silencing the critics who claimed the cryptocurrency’s gains were unsustainable.

In this year alone, Bitcoin’s price has nearly doubled, even as China’s crackdown on cryptocurrency trades throttled its gains. As of this writing, the price of a single Bitcoin hovers just above $56,000.

Some investors might think Bitcoin’s…

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