Hopefully we’ll get so accustomed to daily ATHs that we won’t even notice any more.
Go bitcoin go.
Our new target now is $1,700 – $1,800.
This is without the ETF approval.
First let’s conquer bitcoin/gold-ounce parity.
We achieved it at Gox for about a minute (I was watching) back in 2013.
It bounced back down almost immediately. Very soon after that, China declared bitcoin illegal for banking and the price plummeted. Coincidence? Maybe, maybe not.
Again this January, when the price of a bitcoin got close the price of an ounce of gold, the PBOC made an announcement that panicked the market. Coincidence? Maybe, maybe not.
Regardless of tinfoil-hat conspiracy theories, I consider gold ounce parity to be the real ATH we still have to beat.
As I’ve been typing, I see we just hit another ATH on Stamp… $1198 and climbing.
Go bitcoin go.
Published at Fri, 24 Feb 2017 04:05:28 +0000