It looks like the mainstream media has switched back to pumping Bitcoin again !
This was posted on CNBC by Arjun Kharpal 1 Hour Ago
The price of Bitcoin could hit more than $2,000 in 2017 driven by expectations that U.S. President-elect Donald Trump may introduce economic stimulus policies, which could send inflation soaring and propel the dollar to record highs, a report from Saxo Bank claims.
Bitcoin is currently trading around $754.51, according to CoinDesk data. A handle of over $2,000 would represent 165 percent appreciation.
Read the full article here.
Prediction/Speculation
This message will get repeated a lot over the next few days across the mainstream media, but I think they just want to reinforce the idea that Trump is terrible for the US economy , ignoring the reality that the US economy is beyond fucked already.
Looking at my weekly btccny charts though, I don't think we're going to the moon right now - this may be an attempt to get people to buy the short term top ..
I'd love to see moon happen, I've been expecting the next bubble to take us closer to around $3k eventually - But I wouldn't personally buy all into bitcoin right now..
