by Jeff Berwick
Dollar Vigilante
Bitcoin has risen more than 25% in the last week, from near $430 to a high over $545 today.
[…] It has now risen more than 100% since last summer when we said it was a screaming buy.
[…] In that time, it has been pronounced dead at least once and is now at a 20-month high.
We gave these three main reasons in the last year for why we thought it would go much higher:
1. Bitcoin and Blockchain are the Future of Money and Banking
Still to this day most other financial analysts either ignore bitcoin or, even stupider, deride it as being some sort of scam or ponzi scheme.