As I anticipated last week, Bitcoin (BTC) has reached another all-time high, blowing past not only $12,000 but reaching as high as $13,200. My theory behind this is that it’s being driven by a continuous positive news cycle and the slow turn around to open up new accounts and approve deposits on exchanges.
Aside from the excitement of another all-time high. Here’s what’s happening in Bitcoin today.
Ron Paul wants to know if you were gifted $10,000, would you want it in the form of Federal Reserve Notes, Gold, Bitcoin, or a 10 Year US Treasury Bond. Bitcoin please!
A wealthy person wants to gift you $10,000. You get to choose in which form you'll take the gift. But there's a catch: You must keep the gift in the form that you choose, and you can't touch it for 10 years.
In which form would you take the gift?
— Ron Paul (@RonPaul) December 5, 2017
Square’s Cash App announced that it has rolled out the ability to purchase Bitcoin through their app to more users. I think this is big news for Square and could be the means to drive mass adoption combined with institutional money entering the market to provide some much needed stability.
— Cash App (@CashApp) December 6, 2017
Here’s a fun one for today. @aiiddaann has created a site that makes it easy to see how much of a Lambo you can buy if you own one Bitcoin.