Crypto Daily – On Sunday, was able to hold and confirm above its bull flag with an incredible doji candle. Monday is seeing Bitcoin shooting upwards, with $71,000 in its sights. The all-time high at $73,800 should follow, before catapulting into price discovery, and the next major target of $100,000.
Game theory
The world is finally waking up to Bitcoin. Presidential hopeful Donald Trump wants to make Bitcoin part of the US strategic reserve, China is looking at unbanning it, and at least one sovereign State is possibly buying it in secret.
Could full-scale game theory be about to kick in? It will only take one of the super powers, or even one large country to start buying Bitcoin, and this could trigger a mass land grab in order to purchase what is left of a fast-disappearing asset.
For the likes of the US or China, printing up a whole load of paper and buying the hardest asset on the planet would be the simplest thing to do. Just as with gold, becoming…
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