Bitcoin seem to keep soaring higher amidst skeptics and cynics who had thought this is just a façade. Bitcoin today is the new safe haven for investors against currency fluctuations due to uneven government policies, currency control or even hyperinflation. For instance, at the eve of Donald trump’s presidency. The Mexican Peso fell against the dollar because of the many utterances of Donald trump against the Mexican government and investors started selling off the Peso to buy the dollar because they were afraid there would be a tightening of policies against Mexico.
A similar thing happened with the exit of Britain from the European union in June of 2016. This rocked the British pounds to its lowest in 30 years, making millions loose money.
These and many other government policies on money have caused investors to move to a more safe currency, one that cannot be inflated nor controlled by any goverment. Crypto currencies seems to be a special breed. A currency that violates all rules of fiat money and still retain value. It is like the X-Men movie where we have special breed of mutants cum super heros. The greatest of these mutants is Bitcoin. Who would believe a currency that is not backed by anything, not a physical matter, limited in quantity and mined by mathematical calculations can be worth above $1000 today and still climbing.
The whole rule has changed and perhaps it comes at a time when even the rules like we are used to have been overturned. A paradigm shift has taken place and we may soon be through with civilization like we know it. Bitcoin is the safe haven today for all people of the world against their currency fluctuations and bitcoin is going even further in its rise against the dollar.
So if I were you, I would jump on this moving train and profit from its global acceptance as you may just have come to know this for such a time as this.
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