Wall street and Bitcoin, bubble price.
Author: admin | Created by: 14 July, 2015 at 19:04 |Wall street, that place where big fishes play and eats the little ones, the place which moves thousands of millions in USD every day, that place where every market in the world look at, and when its having a bad day every market in the world can suffer the consequences.
This is the last place where you think that could be related in any way with a cryptocurrency like bitcoin, but it does!. How is it possible ?
Why would any of those “big fishes” look into bitcoin ? Obviously It’s not because, like normal people like you and me, loved bitcoin. It is because of money, it’s money the only language that markets understand.
We have seen how “thanks” to these greedy people, it was created a bubble around bitcoin price when in a few years ago bitcoin price hits 1000 USD. Surely many normal people made some money thanks to it, however if we see today bitcoin worth almost 1/5 of that price.
Bitcoin has future, and probably their price will go up eventually, but the raise must be real and not a bubble created by “big fishes” expecting to make some fast money, that’s the only way that bitcoin can be considered a trustworthy investment.
