9 trillion versus $143 billion for the crypto market and $47 billion for silver. Yet for some reason, people continue to pile in to Bitcoin Investment Trust, even when they re paying twice the going rate of bitcoin to do it. LEARN MORE Â» Sections It does a really bad job tracking bitcoin s price. The imbalance of supply and demand results in a premium price for the trust. I will be writing more articles-updates on why the U. Dollar went into hyperinflation at the very same time that Puerto Rico lost its power. Â This is true only if the electric grid and internet remain in a highly functional state. Evidence of the Mad Bull Market is shown in the following chart: The Dow Jones Index continues to move higher, disregarding any bad news in the press.
Yes, it’s true that the cryptocurrency market may still experience a huge increase in its total market cap to $1 trillion or more. So why are SegWit2x proponents still backing this contentious hard fork that could potentially split Bitcoin into two separate cryptocurrency networks. Even though Cash is king in Puerto Rico today, what would have happened if the U. In theory, the trust should rise in value when bitcoin rises, and fall in value when bitcoin drops. Please, consider contributing to help the site remain public. Here s Why Bitcoin Businesses Are Pushing For A Protocol Change Without Clear Consensus Kyle Torpey, Contributor I ve been a full-time Bitcoin writer and researcher since early 2014. Opinions expressed by Forbes Contributors are their own. That means that if you buy Bitcoin Investment Trust at market close today and sell it at market close tomorrow, there is a greater than one-in-three chance that if bitcoin s price goes up, you ll be holding a loss.
So please consider supporting my work on Patron by clicking the image below: Or you can go to my new Membership page by clicking the image below: Check back for new articles and updates at the SRSrocco Report. Â For Bitcoin to continue mining and providing transactions in the future, the world needs a cheap and growing energy supply. While the table shows fiat currency and Bitcoin enjoy higher traits of money than gold, some factors in the graph above are misrepresented.Ubiq.. The Motley Fool has no position in any of the stocks mentioned. Â Thank you very much for those who became new members and new Patrons of the SRSrocco Report site. .Bitcoin Gold.Binance Coin. Syscoin.