RE: As bitcoin reaches new highs, Is it good news for the world? Or is it just the canary in the birdcage?

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As bitcoin reaches new highs, Is it good news for the world? Or is it just the canary in the birdcage?

in bitcoin •  7 years ago 

Very good article because Russia and China just renewed their currency swaps agreement for another three years. To avoid trading in the petro-dollar.

https://www.rt.com/business/408305-russia-china-currency-swap/

As for crytocurrencies, investors are buying into it has a hedge and long term investment. However I feel it went up too quickly so that indicates loss of faith in the fiat currencies and commodities.

bitcoin
7 years ago by

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      ·  7 years ago 

    I think there will be a pull back after the spit, but then more uptrend

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