Cryptocurrencies as a sector surpassed their all-time high hitting a high of $180.6 billion.
Cryptos across the board were all heavily in the green.
Bitcoin itself also hit a new all-time high of $6,156.72.
Bitcoin Cash has also been moving much higher, currently $440, up nearly 50% since October 10th.
What is perhaps most interesting is that for weeks we have seen the cryptos go down markedly as bitcoin rose and when bitcoin fell, the other cryptocurrencies would rise.
Today they all moved higher in unison meaning that large amounts of new money are pouring into the entire sector.
Even, EOS, which had been languishing under $0.50 just a week ago rose 28% to $0.70.
The Enron like “fraud” and “joke” that is bitcoin, according to the Prince of Saudi Arabia and the CEO of Mastercard appears undeterred by the attacks. And the rest of the cryptocurrency space also continues to not care.
This week, Peter Thiel, the billionaire founder of Paypal and early investor into Facebook, stated that bitcoin is one of the most interesting investment opportunities in the world today.
In the interview, Maria Bartiromo went off script and asked what bitcoin was based on and then stammered as she said, “You see that the dollar is based on, you know, the… the… trust in the Treasury and trust in the US government!”
Really, is that what the dollar is based on? Trust in the US Treasury which has no treasury because it is constantly going deeper and deeper into debt… and trust in the bankrupt US government?
If so, no wonder bitcoin is going up!
We’ll be releasing the next issue of the TDV newsletter (subscribe HERE) by the end of the month where we’ll cover what is happening in much more detail.
And make sure to register soon for Anarchapulco/Cryptopulco and the TDV Investment Summit from February 15-18th. Every cryptocurrency conference I have gone to in the last two months has been a complete sellout and had to turn people away at the door. We are expecting the same this coming February so make sure you register at Anarchapulco.com soon!
