In my now bi-weekly look at Bitcoin I tend to focus on the news rather than the price. Bitcoin is a long-term challenge to banking and even money as we know it, and I have felt that progress in terms of recognition and understanding is more important than the vagaries of the market.
The price can take care of itself.
I last looked at price back in April, when I argued that the long term chart for BTC/USD was supportive of the bull case. At that time BTC/USD was trading at around $425, and is now around $576, about 35 percent higher, so I guess that worked out okay. The recent consolidation above $500, though, prompts an interesting question, and one that many people thought would never again be asked, or at least not for a long time: Is BTC/USD above $1000 a possibility in the near future?
http://www.nasdaq.com/article/us-election-puts-1000-bitcoin-within-reach-cm633058
Topic: [2016-6-09]U.S. Election Puts $1,000 Bitcoin Within Reach (Read 271 times)
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