QUESTION: Why Bitcoin has been sturdy in current weeks??
Finest
Gerry
ANSWER: Bitcoin is the first automobile for cash laundering. Even Canadians are utilizing it to withdraw money from the nation. It’s the identical instrument as gold in all international locations. Europeans are additionally utilizing it to bypass capital controls. There are rumors {that a} kill change exists in Bitcoin, which might wipe out all accounts within the years forward. I might not think about Bitcoin a retailer of worth when the federal government created it. I nonetheless want treasured metals as a protected haven for my cash. Bitcoin is a buying and selling automobile.
Nonetheless, this sample doesn’t but point out a ultimate, exhaustive, and remoted excessive. The brand new highs could also be seen in conflict, as it’s primarily used to extract cash from international locations. That’s the way it started, with a lot of the quantity from China.
