Crashing Through $13,000 — Bitcoin Heads To New All-Time Highs
We’ve got yet again another update for Bitcoin moving through a previously established high.
This time it jumped to over $13,200.
Now we have to ask why is this happening.
Not too long, ago everyone was cheering for a $100 billion market cap, and as of this morning, we are almost sitting at a $400 billion market cap.
That’s in less than a few months.
Cointelegraph seems to think it may be because of the new appointee to the Federal Reserve.
Marvin Goodfriend Takes The Throne
We all know the federal reserve as the money-printing establishment that resides behind the U.S. dollar.
Now, as strange as it sounds the newest Federal Reserve nominee has an “anti-cash” stance.
Which is helping to add to the fire bitcoin is burning.
His views of anti-cash is because cash helps keep the power and finances with the people instead of residing inside of the government.
Which is just another one of the insidious viewpoints of the U.S. federal reserve.
And by trying to grab and enwrap the people that make up the country, by keeping their money as the countries it has people thinking.
Maybe this fiat currency, used as a system-of-control isn’t what we signed up for.
Bitcoin and this cryptocurrency movement allow anyone, globally to be their own bank.
To keep their money, and to use it how they please.
Which is a direct threat to the establishment, which means regulations, rules and the federal reserve will be coming in the long run.
Otherwise, there is another reason that Bitcoin may be up.
The 10th and the 18th Futures Trading
With speculation that big money is entering into Bitcoin pumping the price, there may be more buyers wanting to get in early.
It makes sense.
Buy before institutions do that way they drive up the price.
Despite, the warning that these institutions are not here to make you money, but themselves, the price continues upward.
And we at GCA think a $15,000 January 1, isn’t too off from what we will see.
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Thanks for reading,
GCA
Originally published at globalcryptoacademy.com on December 6, 2017.
