Bitcoin is mooning! Find out what’s causing this increase in price
Bitcoin is confirmed mooning today!
Here are some of the theories I’ve heard so far in the crypto chats:
1. North Korea crisis is spooking mainstream investors
2. People are dumping altcoins to buy Bitcoin ahead of a potential new hardfork in September
3. U. S. Market crash is impending, stocks are way overvalued
4. Governments are buying/mining cryptocurrency? Russia announced 100 million mining operation
5. Hedge funds are buying
6. Gold bugs are capitulating and diversifying into Bitcoin
What do you think is going on? Are any of these reasons causing the price increase or maybe one I didn’t list? Upvote, Follow, Resteem and comment below! Thanks
Tell me what you think in the comments below. This is not professional investment advice. I'm not your financial advisor. Only invest money you can afford to lose!
good one!
cryptoeagle, Bitcoin is now one of the "safety" trades. The next event on the horizon driving fear is not really Trump - Kim war of words. Think German Elections. Merkle vs .... For me, thinking about taking profits right after German elections regardless of outcome... But short term then buy again after the next dip..
How would the German elections impact price? Would it be a euro-wide shock like Brexit? I'm not familiar with German politics.
Look at Bitcoin spike on Brexit, Frexit, Trump and now German Election.. What if Merkel is not a lock at re-election. And now you have the real currencies "whales" swimming in this ocean with us......
What i think why the bitcoin price is soaring, simple just the law of supply and demand, thats it!
well sone
My own theory: Drug Lords are starting to charge in Bitcoin ;-)