Bitcoin explodes $500.00 in two hours. Bitcoin and the rest of the cryptos are acting like they are Bi Polar. Why is the crypto market so volatile? Well there are a couple of reasons why.
Gold and Silver will always be suppressed and manipulated until all major Fiat currencies collapse. There is too much influence that the world's Central banks have. Between printing unlimited amounts of currency and sophisticated algorithms, precious metals can forever be priced manipulated.
The world's pensions are bankrupt. In the U.S.A. 80% of the pensions are underfunded. Major pensions are collapsing. Pensions need between 7% and 8% to stay alive. Those yields have not been seen in close to 20 years. Pensions have been forced to invest in riskier funds such as equities (stock markets). Starting now, the world is desperate to seek high yields. Pensions are so far behind in revenue that most will need 20X, 30X even 50X returns to survive. The only market that can potentially offer such returns is the crypto market.
Crypto currencies and tokens will explode. We will see decades of hyper or parabolic growth in cryptos. Bitcoin is leading the way and will see $30,000.00 to $60,000.00 in no time. I would not be surprised to see Bitcoin (BTC) to hit $100,000.00 within 24 to 36 months. When people and institutions panic to get high yield, it is BTC and other cryptos that will benefit from the global FOMO (fear of missing out).
Check out this short video discussing this very topic.