BITCOIN: Perfect Storm for Price Rise

in bitcoin •  2 years ago

Price of bitcoin is rising again. After a week of stabilization at $920 level, we are looking at the new surge. Where will it stop?


[Feb. 3rd 2017, 12:00]
It looks like there's a perfect storm for a new surge of the Bitcoin price. There are several clear signals which can influence rise. The most important is, of course, a looming trade war between US and China. That would not be good for both economic giants, but quick tempo in which POTUS Donald Trump is fulfilling his pre-election promises does not leave a shadow of doubt that he could try to economically challenge China:

https://www.cointelegraph.com/news/bitcoin-price-2000-is-just-starter-unless-compromise-is-reached

Iran is trying to completely dump US dollar, and it's foreign exchange is about $41 billion:

https://www.rt.com/business/375789-iran-dollar-trump-ban/

India is imposing fines for the use of cash!

https://www.cointelegraph.com/news/india-assaults-cash-again-100-fine-for-cash-use-will-boost-bitcoin-price

And with catastrophic economic situation in Venecuela, divide in US society, coming elections in EU… at least, future of decentralized cryptocurrencies looks bright!




Credits to Cointelegraph

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