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What is driving bitcoin up


what is driving bitcoin up

global population. Our strategy is spelled out in this fairly lengthy article. While his comments focused on illegitimate activity, reports suggesting the statement signaled a broader cryptocurrency ban indicate a need for further clarification from Jaitley. However, looking back to last February, the price of bitcoin has risen nearly 1,000 percent. You can see this in the above comparison with gold. But not when you have central banks. Since you have no idea what this crypto-thing is worth, there is no center of gravity to guide you or anyone else to make rational decisions.

Its possible that the upcoming discussion in Congress has traders nervous, but ultimately variables from all over the globe combine to affect the market every day. They are not into jewelry as much as previous generations; they dont wear watches (unless they track your heartbeat and steps). On this day last year, Bitcoin was sitting pretty at 982. A client jokingly told me that his biggest gripe with me in 20 was that I didnt buy him any bitcoin. The X times Y Z math will be reapplied by Wall Street as it moves on to something else. So owning bitcoin gives you a right to what, actually? Its like when you have 1,000 on a Visa debit card: That 1,000 doesnt give you part ownership of the Visa network unless you actually own Visa.


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