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Home » Uncategorized » Bitcoin breaks $1,000 level, highest in more than 3 years

Bitcoin breaks $1,000 level, highest in more than 3 years

While the United States rides high on equities, the rest of the world’s currencies are being destroyed.  Leading the way into Bitcoin’s $1,000 mark is China.  The Chinese are unloading their Yuan on the notion that it will continue to be devalued, especially under Trump’s policies.  Rate increases and Trump policies are very strong for the dollar which means countries need to continually weaken theirs in order to keep balance.  Large countries want to get out of their sovereign currencies and Bitcoin is the go to currency at the moment.  After reaching $1,000 back in early 2014 and falling back to $300 in the same year, this time is different and so is the environment.  It is going to be very stable at the $1,000 level.  Happening right now is a mass exodus out of currencies and into assets that governments cannot control, and Bitcoin is one of them.

Bitcoin breaks $1,000 level, highest in more than 3 years

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