Bitcoin has been on a tear recently and just surged passed $60,000. It is closing in on its all time high.
JUST IN – Bitcoin surpasses $60,000.
— Disclose.tv (@disclosetv) February 28, 2024
Usually we see retracements when any asset surges higher this quickly. You generally have people taking profits etc.. So you might see that in the coming days. Of course, it can always go higher. Nobody can really predict short term movements.
Overall though, the future looks good for assets outside of the West’s debt based usury system like Bitcoin. People are looking to park their money in things that will protect them from all the inflation in instability we are seeing with the US Dollar and other national currencies. This is a big reason why Bitcoin keeps going up. Regardless of what anybody thinks of it, it has become widely perceived as a viable monetary instrument outside of the banks.
I’m big on gold, silver, Bitcoin and real tangible assets in this environment. This is not financial advice. You can do whatever the hell you want. This is just what I’m doing.
