Bitcoin Is Very Similar To The Silver Run In 1970s

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“If you look at it from a very long-term perspective, and you can only compare it to the bull market of the 1970’s. Once the bull market started again in 1976, it went up for four years and it went up basically from $100 to $890, so nearly nine-fold. If you use the same ratio to today’s numbers, we would end up having gold, at some point in the future, $8,000, $9,000 gold, but we’re.

13/12/2017  · The spectacular surge in bitcoin, up more than 16-fold this year to above $17,000, has drawn comparisons to the 1970s gold spike or Japanese shares’ rally in the 1980s’ go-go era. Both of.

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MAJOR CRYPTO CHANGES COMING: SEC! NEXT ALTCOIN TO EXPLODE! 45x ALTCOIN! MASSIVE BTC MOVE COUNTDOWN!Make it four weeks and allow teams to use it like baseball where players are replaced on the roster while injured players.

An anonymous reader quotes a report from Bloomberg: A survey by venture capital firm Blockchain Capital found that about 30 percent of those in the 18-to-34 age range would rather own $1,000 worth of Bitcoin than $1,000 of government bonds or stocks.The study of more than 2,000 people found that 42 percent of millennials are at least somewhat familiar with bitcoin, compared with 15 percent.

15/01/2018  · Bitcoin is only valuable if it truly becomes a critical world currency. In other words, if you truly need it to buy stuff, and thus you need to buy coins from some other person in order to conduct.

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A similar correction took place in the mid 1970s that led to the parabolic move to $50. Amazingly, if you line up Silver’s performance from its 1971 low to 1980 high with Silver’s performance.

“The COVID monetary disaster is the primary disaster that Bitcoin is experiencing as an asset magnificence, and whilst some anticipated it to accomplish very similar to gold, it ended in a pointy decline in Bitcoin’s worth. As the arena financial system has began to open up, Bitcoin has recovered rather well, outperforming the S&P since their respective lows. With the Bitcoin halving in.

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