“While the relentless multiple expansion (if not so much earnings growth and certainly not revenue contraction) looks set to push all three main stock indices over the key psychological levels of 16000, 1800 and 4000, with the all time bubble high on the Nasdaq increasingly looking like the next big target, the stock market mania has nothing on Bitcoin, which only yesterday crossed $500 for the first time ever, and as of this morning is already 20% higher, having just crossed $600 minutes ago. How high BTC goes, is nobody’s guess: once the buying frenzy kicks in, step aside, especially since China is increasingly looking like it may be jumping on board the latest mania.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Mom settles for $143,000 after infant taken away over faulty drug test
ABA Attempts To Claim Copyright On Bank Routing Numbers
Children Caught In Sweep as Feds Begin Mass Deportations
It Shouldn't Be Illegal to Work at Home
Kyle Bass: If China Doesn't Change, 'Full-Scale Recession' Sometime Next Year
Internet Archive Federal Credit Union Backed by Internet Pioneer Brewster Kahle
Court OKs warrantless use of hidden surveillance cameras
Berkeley, CA Replacing Municipal Debt With Blockchain Crowdfunding
Vigilante Detroit residents attack suspected rapist after police fail to act
WikiLeaks: Snowden Risks Being Stuck in Russia 'Permanently'
Pepe Escobar: Bandar Bush, 'liberator' of Syria
Full Disclosure: Lew Received a Million Dollars in Cash From Citigroup During Bailout
Don’t Fly During Ramadan
Aaron Swartz's Girlfriend Explains 'Why Aaron Died'
Jim Rickards: Decline of the Petrodollar System is Good for Gold