Bitcoin Surges To New All-Time High Near $8,000 As Wall Street Plunges In
dollarvigilante.com / by Jeff Berwick / November 16, 2017
The market doesn’t seem to care too much about my conspiracy theories or my dislike of the direction of bitcoin. Or maybe not… more on that below.
Bitcoin rose more than $600, or over 8% today to a new all-time high of $7,983.72.
One year ago today bitcoin was $742, meaning that with today’s rise of over $600, it nearly rose more in one day than the entire price a year ago.
Bitcoin Cash (BCH) has been the net loser on bitcoin’s rise, now trading near $1,000 after rising, briefly, to over $2,000 last week.
I said a few months ago that, for the first time, I was seeing the traditional investment community begin to get very interested in bitcoin.
What we are seeing today is that slow trickle turn into a tidal wave.
First, the Chicago Mercantile Exchange announced that they would launch bitcoin futures in the fourth quarter of 2017, pending all ‘relevant regulatory review periods’. We are still waiting to see them do it, but it is apparently set to go by the end of this fiscal year.
The post Bitcoin Surges To New All-Time High Near $8,000 As Wall Street Plunges In appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/11/16/bitcoin-surges-to-new-all-time-high-near-8000-as-wall-street-plunges-in/
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