Despite the recent attempts by the Chinese government and now the Russian central bank to hurt Bitcoin, well frankly their efforts have done nothing as Bitcoin nears US$5000 in value.
Why have government/central bank efforts to hurt Bitcoin and Bitcoin investors failed?
Simple..In my opinion any effort by governments to hurt Bitcoin and it's investors will only cause Bitcoin to move higher in value, why? Because THE FREE MARKET always wins.
***Bitcoin and other cryptocurrency‘s are, in my opinion, the only asset class at the current time which is reflective of free market forces.
Five months ago I wrote an article here on Steemit in which I put a $5000 target price on Bitcoin, and again despite the recent attacks and pressure by foreign governments-we are knocking right on the $5000 door. I also strongly believe that within the next 12 months Bitcoin will hit $10,000 despite any acts by governments or central banks.
REMEMBER, the free market ALWAYS wins over time.
Gregory Mannarino
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