Bitcoin price just reached a new all-time high…in Argentina. Rampant inflation in recession-ravaged countries like this highlights more than ever the need for deflationary currencies like Bitcoin.
Bitcoin Price Is Going Wild
You’ve noticed that the price of Bitcoin 00 has gone bananas over the last few days. Whether spiked by coordinated buying, enthusiasm over Fidelity or institutional front-running, the news keeps on coming. And the price keeps on climbing.
Microsoft will be launching the first decentralized infrastructure implementation directly on the Bitcoin blockchain.
EBay is gearing up to accept cryptocurrencies. Bakkt may be approved to launch within the next 10 days by the CFTC. You can even buy your sandwiches in BTC at Whole Foods.
All this institutional investment shows that this latest rally is not retail-driven. Although, with Bitcoin trending on Google searches once again, FOMO is about to kick in. BTC price is going in one direction only for the foreseeable future.
Whether it will break through its 2017…