I can think of few assets that have global recognition and such ease of access. Global demand, but a limited supply…
Of course, any market contains sellers, profit takers and bears. Bitcoin is no different here. The same wave that can surge around the world can turn and go back the other way.
But the recent dips in bitcoin have been quickly brought back up. That looks very bullish to me…
The post Where Bitcoin Goes When the Rich Buy… appeared first on Daily Reckoning Australia.
See Original Article
While the establishment was dismissing the technology as a fad, early adopters like myself were heavily investing in it and making fortunes.
The same thing is happening with cryptocurrencies.
Capitalism is 100% about innovation. The famous invisible hand has been written about since the 1700s. It guides capitalism through all the ups and downs of the economy, through depressions, recessions, wars, and so on.
The post Cryptocurrencies are Capitalism in Action appeared first on Daily Reckoning AusSee Original Article