Bitcoin Is Struggling Since This Post From The NYT's

I wanted to share this post from the NYT's that talked about how bitcoin was going to be a major player in investments during 2018.

It started with talking about how China was trying to buy out Money Gram and promised that they could create 1 million jobs for Americans with the purchase and their huge e-commerce empire.

Of course the deal failed, but in reality the Chinese Government was just testing the new Trump administration. The deal fell thru even though Mr. Ma and President Trump had some discussions about the deal.

Bitcoin Has Lost Value Because...In My Opinion

I think that Bitcoin and all crypto currencies have suffered because of the way The Trump administration is sanctioning China, Russia and others around the world. His policies of putting America 1st is hurting Crypto Currency prices for sure. When you take the time to research you will find that most of the crypto currencies being sold, traded, bought and used are in Asian countries. To me it makes since that Asia is the most active users of crypto currencies. Why because Satishi Nakomoto, the creator of the Bitcoin Blockchain was in theory from Asia. I say in theory because no one has seen or heard from him since he released his White Paper for the blockchain that BTC is built on.

BTC can be bought by investors that do not even own a crypto currency wallet in the USA now. I believe that this also is keeping the price of crypto curencies down from the highs that we saw during 2017.

I do not think that it is a coincidence that crypto prices plunged the way they did at the start of 2018....I think that Trump winning the Presidency affected crypto prices because the world was worried about him doing exactly what he has been doing and done has a President. I really think that if Hillary Clinton would have won that the price would have at least maintained the value it had during 2017.

We have seen predictions that crypto currencies are going to sky rocket to any where from $25,000 to $60,000 during 2018.....but yet it is struggling just to maintain $6-8,000 during 2018.

I am a Trump supporter, but I think that until Bitcoin and other crypto currencies become more widely used and accepted the price will never rise to the predictions that the so-called "experts" claim we will see be the end of 2018.

What do you think? Let me Know, leave a comment and share if you would like...Anyways that is my take on this article below. Enjoy....

Peter Thiel Is a Bitcoin Believer: DealBook Briefing

The value of the digital currency jumped this afternoon after Mr. Thiel’s Founders Fund venture firm emerged as an investor.