Seeking Alpha
2020-08-17 17:16:12

New speculative interest helps Bitcoin to more than a two-year high

The last time Bitcoin (BTC-USD) was firmly above $12K was January 2018, and then it was taking the elevator on the way down from $20K a month earlier to its ultimate bottom of $3.2K.With a big move upward in the last few minutes, Bitcoin is now changing hands at $12.3K.At a minimum good entertainment, Dave Portnoy has now taken an interest in crytocurrencies, and last week spoke with crypto-evangelists Tyler and Cameron Winklevoss. The Winklevii case for Bitcoin instead of gold: Eventually there's going to be mining on asteroids and other planets, and massive gold discoveries there will boost supplies to such an extent as to make the metal nearly worthless.The Greyscale Bitcoin Trust (GBTC) today is up 9.1%.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer