Bitcoin hit an all time high of $10,000.00 early on November 28th, 2017. 14 hours later it hit $11,100.00 shattering all records. This is crazy. BTC has never jumped $1200.00 in less than 24 hours before. What does this mean?
Fiat Global currencies are collapsing. The rise in crypto currencies is due to the collapse of the Global Fiat currencies of all Nations. This is scary. The rapid rise in the crypto currencies is unheard of. Never in history, have we had such a competitor to Fiat currencies. The Global Elite and their Central Banks have been able to suppress any competition to their paper currencies for hundreds of years. Silver, Gold, Stocks, Bonds, Diamonds, you name it, they have controlled the prices. This gave the illusion that Fiat paper currencies were strong and a store of value. It really was not strong or a store of value.
Fiat currencies always end up reaching their true intrinsic value, ZERO. The powers to be have done very well to keep their junk currencies relevant. They have taken great lengths to deceive the population into thinking paper currency is valuable and worth working for. Those days are quickly disappearing. Since the crypto currency market can not be manipulated. Hyperinflation can not be hidden when compared to the crypto market. The crypto market is the only true free market that is showing the weakness of the Global Fiat paper currencies.
Bitcoin and other crypto currencies are not in a bubble. The block chain and crypto's are honest money and data streaming. What is in a bubble, is the Stock Markets and real estate. The world is going completely digital and crypto currencies are a natural progression of mankind's advancement. Using Fiat currencies are like going back to a square wheel instead of a hover board like Marty McFly used in Back to the Future.
The rise of crypto currencies will continue for more than a decade. $Trillions of dollars are headed towards crypto's over the next 5 to 10 years. Fiat currencies will be pouring into the crypto's as people panic out of their worthless paper into a solid mathematical block chain public ledger format. When we decide to adopt crypto currencies will determine how much of the gains we will realize.
Get rid of your square wheel and get your Marty McFly hover board now! Who knows, as you read this article, BTC may be close to $12,000.00 (12 hours later).
images by: meta.stackoverflow.com, popsci.com: