There is so much news out there and all of it Bitcoin /crypto favorable. Let’s look at 4 obvious factors why Bitcoin/Litecoin will explode in February:
- South Korean Exchanges have been “closed for 3 weeks” — they will reopen in 7-10 days —- watch demand start to “ramp up”.
2.) CME Bitcoin Futures Contract “ends Friday 10 am” — this means those holders that were “short” can quit being short so no more reason to keep Bitcoin down short term.
3.) US Dollar Policy “announced today” — NO more “strong dollar” policy announced at Davos. What this means? Weaker dollar is strong for precious metals and people looking for “stores of value” — hmmmm what product might do that? Ahhh yes... Bitcoin. Look at the dollar index below — they finally came out today and said they are now navigating a “stable dollar policy” but acknowledged the benefits of a weaker dolllar.
Source today: https://www.zerohedge.com/news/2018-01-24/benjamins-bloodbath-bonds-bruised-gold-silver-surge
4.) Lightning Network adoption —- Growing nodes 15% more every day. Faster and cheaper Bitcoin — good news. Source: https://medium.com/@argongroup/bitcoin-lightning-network-7-things-you-should-know-604ef687af5a
Do you want to know why retailers etc will embrace Bitcoin / Litecoin (more litecoin) ??? Because with the Lightning Network Wallet, the retailer is PAID to accept Litecoin/Bitcoin. TODAY — businesses pay Visa/MasterCard others for accepting (maybe 2-3 % fee per transaction)
There are probably 10 more I am missing....you can help me in your comments.