Bitcoin Reaches $7,500

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We stumbled upon this article from CCN and thought that it would be awesome to share. It’s called Bitcoin Price Rages Near $7,500 – Triggered by the US-China Trade War?

Yoshu Gala, a Bitcoin analyst for CCN, shares his views here. Here’s one that’s thought-provoking:

Weak fundamentals in both the US and China could prompt regional investors to offload their portfolio risks to bitcoin. In the US only, which amounts to the maximum number of bitcoin traders, the cryptocurrency demand could surge as the Federal Reserve prepares the soft-landing pad for the economy. It would mean reducing interest rates and making borrowing cheaper, a move many analysts believe will further prompt investors to hedge in bitcoin.

He has some truly interesting views, especially if you’re invested in Bitcoin, so check out the rest of his work at the link below…

Read the source article at ccn.com