Bitcoin hits another milestone as it climbs past $6,000

If you own Bitcoin, October has been good to you.
 By 
Colin Daileda
 on 
Bitcoin hits another milestone as it climbs past $6,000
Credit: REX/Shutterstock

If you own Bitcoin, October has been good to you.

The value of one bitcoin climbed over $6,000 for the first time on Friday less than two weeks after it pushed past $5,000.

Bitcoin reached as high as $6,063 on Friday, according to the research site CoinDesk, and was valued at around $6,034 at the time of this writing.

The highest-valued cryotpcurrency on the planet wasn't a thing 10 years ago, but the continued rise of its value shows that perhaps the greater world should start paying attention sooner rather than later.

It's unclear why Bitcoin has risen at this rate in October. Observers have thrown out a few guesses, including that perhaps a shortage of physical money in Zimbabwe is driving up Bitcoin's value.

Right now doesn't look like a good time to buy, but, who knows, in a few months or years it may turn out to be a great decision.

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Colin Daileda

Colin is Mashable's US & World Reporter. He previously interned at Foreign Policy magazine and The American Prospect. Colin is a graduate from Columbia University Graduate School of Journalism. When he's not at Mashable, you can most likely find him eating or playing some kind of sport.

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