Why Bitcoin Over $10,000 Will Be Different This Time
Bitcoin’s back above $10K, what’s different this time around? $BTC pic.twitter.com/FiWU4AIDmE — CNBC’s Fast Money (@CNBCFastMoney) February 11, 2020
Bitcoin: A New Narrative Last time BTC surged to new heights was very different, there wasn’t the economic pressure there is today and other safe haven assets were not mirroring its performance. Global events such as geopolitical tensions and the Coronavirus (Covid-19) outbreak have added to the notion that bitcoin is a go-to asset in times of adversity. Things are unlikely to improve anytime fast with regards to central bank monetary manipulation which can only strengthen the appeal of decentralized digital assets. Add to this the approaching halving, associated supply and demand effects, and increase in Google searches and public interest, and there is plenty of fuel for another price busting rally. Will bitcoin hit an new ATH in 2020? Add your comments below. The post appeared first on Bitcoinist.com.
source: https://bitcoinist.com/why-bitcoin-over-10000-will-be-different-this-time/
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