Can it hit $1000 like it was a couple of years ago? This entire thing looks crazy right now, but seems like Chinese people are trying to get rid of Renminbi and this might be only the beginning. What do you think guys?
Bitcoin's price almost DOUBLED! Your thoughts?
- Thread starter Michael J. Fletcher
- Start date
There are some interesting discussion here http://philosophyofmetrics.com/the-myth-of-china-dumping-us-dollars-freepom/
However, the vast majority of Chinese people do not and cannot get rid of Renminbi unless another bloody revolution is looming over the horizon. There are some corrupt Chinese citizens who do want to smuggle their ill gotten wealth out of the country.
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According to analysts here: https://smnweekly.com/2016/07/13/an...watch-transaction-value-to-tripe-by-end-2016/
the price of Bitcoin could triple by the end of the year. They cite Brexit, the Chinese economy and the elections on the US as the major reasons for such a hike. Time will tell, I guess.
the price of Bitcoin could triple by the end of the year. They cite Brexit, the Chinese economy and the elections on the US as the major reasons for such a hike. Time will tell, I guess.