Bitcoin Blasts Through $1,400 Amid All-Time Highs in Every Currency
It was just a few days ago that we trumpeted that bitcoin had hit a new all-time high above $1,330 and it has since blasted through $1400.
And, it hasn’t stopped there… at all.
Bitcoin has continued to smash through new highs nearly hourly since. And today it hit a high of $1,466.88.
One month ago bitcoin was at $1,100, meaning it has risen 33% in the last month alone.
We’ve been covering bitcoin at The Dollar Vigilante since it was $3 in 2011.
If you had bought then, as many TDV subscribers (subscribe here) did, you would have made fortunes.
$10,000 worth of bitcoin bought at $3 in 2011 would be worth nearly $5 million today. If you had found out about bitcoin in 2010 and purchased $10,000 worth it would be worth $148,000,000 today.
Not bad for anarcho-capitalist computer money!
It’s not even just for anarcho-capitalists anymore. Sean Spicer, Trump’s press secretary tweeted out a bitcoin address earlier this year…. Although he quickly deleted it right after.
It was probably for some bribe… or ahem donation.
In any event, the great majority of bitcoin trading until recently has come from the US and China. But something major has changed recently.
There’s a new Sheriff in town. In the last 24 hours, more than 50% of trading has taken place in Japanese yen, according to the data service CryptoCompare.
It should be noted too that bitcoin’s recent all-time highs in US dollars are actually quite a bit less spectacular than the price of bitcoin in almost any other fiat currency.
In terms of euros, which we admonished Europeans to buy bitcoin over the last few years, bitcoin has risen over 238% in the last year!
In Canadian dollars it has risen over 240%!
And, in England, where we warned Brits to get out of the pound and buy bitcoin last year, it has since risen over 256%.
Not a bad year at all. Heck, not a bad week.
Bitcoin has risen by a total of over $2 billion in just the last few days.
On my show, Anarchast, I recently had on Simon Dixon of BankToTheFuture.com and we discussed how the modern day banking system is quickly becoming obsolete and how cryptocurrencies and fintech are dominating. You can watch the entire discussion here:
Simon has an incredibly interesting theory on how the only two things that will be left standing in the next few years are central banks and cryptocurrencies… with the private banking system being wiped out completely. Make sure to watch the interview to hear more.
Bitcoin has done so well for us and our subscribers, that we want to offer you a special discount to The Dollar Vigilante newsletter and access to our book Bitcoin Basics all for as little as $1 right now.
It’s a limited time offer and you can take advantage of it by clicking here.
We’ve made numerous people millionaires just from following our advice and we want to help you as well.
Cryptocurrencies are the wave of the future and they are just getting started. And no one on Earth covers them like The Dollar Vigilante.
It's quite sad to see people investing in a currency that can't be used as a currency. Bitcoin is so inferior technologically that responsible people shouldn't encourage its use. Also, simple economics prove that Bitcoin will fail.
I like collecting Bitcoin obituaries. I'll add this to my list, thanks.
Do you have any counterargument?
The train has left the station.
The prediction is that the Bitcoin will cross $2000 USD.
Jeff, I'd be more than happy to get my TDV Immigration refund in BTC. Your company took my money and disappeared before delivering the final product. https://liberty.me/discuss/t/jeff-berwick-and-tdv-immigration-part-2/
I wonder if all these bitcoin highs are a sign that the money bubble is about to pop.
I loved the party video. When BTC hit 1500. I had to throw a little party of my own later on that night. Right before we hit 1600. Hahaha
Thank you very much for the work. You have good posts in your blog. Followed. See you @dollarvigilante :)
It takes great courage with vision to invest $10000 worth of bitcoins in 2011. Whoever did was brave. I don't think most of us would do it.