Bitcoin is breaking through all time high after all time high at will right now. It was just 18 days ago that it breached $20,000 and now the price is above $34,000.
There was little time to celebrate the historic $30,000 milestone, as Bitcoin surged onwards and upwards, smashing thousand after thousand, making it all the way to $34,544. The amount of that one day move was almost as much as the price of a whole Bitcoin back on March 17 last year, when it crashed to $4,944.
Now, I wonder... what will the next 18 days bring?
Bitcoin to the Moon!
Since breaking the $20,000 barrier, just eleven days ago, Bitcoin has continued its astronomical rise to reach a new high above $28,000.
In my previous article about Bitcoin's price, Bitcoin Blasts Above $20,000 Achieving New All Time High, I wrote, "In my opinion, 20k in 2020 is the new 1k of 2016." What's followed has strengthened my view of that being the case. This is not to say that there won't be some dips along the way, but over the course of the next year, Bitcoin seems set for a 2017 style bull run. This time, however, at much higher prices.
Another difference, is that in 2021, much of the buying will likely come from corporations, investment funds, banks, high net worth individuals and possibly countries, rather than your average person on the street. With that much demand and so few Bitcoin available to purchase, an upwards surge seems inevitable.
My overall outlook... you know it... Bitcoin to the Moon!
On the 12th of July last year, I published the tragic story of Pastor Phil Vollman, in the article, Crypto Thief Fleeces Pastor of 14.2 Bitcoin and 507 Litecoin. This included a video interview with Phil, conducted by Brian the UK Bitcoin Master and Rocky Palumbo.
In that interview, a TallyCoin fundraiser was launched, seeking to return 14.2 Bitcoin to Phil. Twice a week since then, Brian the UK Bitcoin Master has used his YouTube channel as a platform to faithfully promote Phil's cause. During that time, 42 donations, adding up to just over 0.2 Bitcoin were received. Phil, being the sort of person that he is, was highly appreciative of every single donation, no matter the amount. He expressed this over and over, however, the possibility of reaching the target of 14.2 Bitcoin seemed out of reach.
That was, until yesterday, when an anonymous donor contributed 13.9995 Bitcoin to achieve the 14.2 BTC goal and bring about a Christmas miracle for Phil and his family.
Today, Phil returned to Brian the UK Bitcoin Master's YouTube channel, to discuss and celebrate this amazing turn of events. You can watch the video below.
Bitcoin has blasted above $20,000 and is rising as I type. This is an all time high and an historic day for the original cryptocurrency.
To all those who have held onto their Bitcoin through the cycles of bull and bear markets, take time to celebrate. This is just the beginning. In my opinion, 20k in 2020 is the new 1k of 2016.
Look out 2021, this Bitcoin ride is about to get wild. Bitcoin to the Moon!
Since crashing below $5,000 in March this year, the Bitcoin price has climbed steadily. That is, until thirty days ago, when steady morphed into parabolic, with Bitcoin rocketing from $11,300 to $18,000 and rising.
Such a BTC price has not been seen since the peak of the 2017 bull market on December 19 of that year. The difference this time is that the market is far more mature, with huge leaps forward in terms of community, business and technology that have been built in and around the Bitcoin ecosystem.
To put this current price surge in perspective, let's take a look back in time...
In 2013, the year after the first Bitcoin block reward halving, the price rose from $13 to $1,000. This was followed by a bear market, where the price dropped to $200 during 2015.
In 2017, the year after the second Bitcoin block reward halving, the price rose from $1,000 to $20,000. This was followed by a bear market, where the price dropped to $3,200 late in 2018.
This year, the third Bitcoin block reward halving took place. As 2020 draws to a close, Bitcoin is knocking on the door of $20,000 once again. In 2021, do you think that the previous price pattern of 2013 and 2017 will repeat, but this time with a substantially higher starting point? I do. Bitcoin to the Moon!
Recently, I wrote an article about the forthcoming FreeMarket.one trading platform, titled, Anonymous Crypto to Precious Metals Trading is Set to Become a Reality. The platform aims to be a marketplace that bridges the gap between virtual cryptocurrencies, like Bitcoin, and physical assets, such as gold and silver.
To provide anonymity, FreeMarket.one utilizes the Tor network, and to ensure security, it integrates blockchain technology. The project is part of the Bitcoin Rhodium (XRC) ecosystem of development.
While there is much 'engine room' building behind the scenes, the image above shows the latest progress in what the user will see when interacting with the platform. Given the current rate of progress, it is anticipated that public beta should be released at the beginning of the fourth quarter, 2020.
The price of gold and silver has surged recently, as investors seek to protect their wealth during this time of global economic uncertainty. This has been mirrored in the cryptocurrency markets, where Bitcoin, Ethereum and a plethora of altcoins and DeFi tokens have achieved significant gains.
These market movements have put a spotlight on cryptocurrencies and precious metals, drawing renewed interest from those who normally invest in more traditional assets, such as, stocks and real estate.
Given this, the timing of a soon to be released crypto to precious metals trading platform, could not have been better. Enter, FreeMarket.one, which aims to bridge the gap between these virtual and physical assets, using the Tor network to provide anonymity and blockchain technology to ensure security. The project is part of the Bitcoin Rhodium (XRC) ecosystem of development.
FreeMarket.one beta testing is set to take place this quarter. Currently, you can download a technical test version of the software. Details of this can be found here.
To keep up to date with the latest developments, follow twitter.com/FreeMarketOne, and if you're interested in becoming a vendor on the platform, email here.
Happy 2020 Bitcoin Halving everyone!
Yesterday, the third Bitcoin Halving took place. This is an event that occurs every 210,000 blocks, which is roughly every four years. What happens is that the block reward given to Bitcoin miners for uncovering a block (i.e. a file that records the most recent Bitcoin transactions) is cut in half. A block is mined approximately every ten minutes.
When the Bitcoin network kicked off in January 2009, the reward for mining a block was 50 Bitcoin. The first Halving in 2012 saw the reward cut to 25 Bitcoin per block. In 2016, the second Halving reduced that to 12.5, and yesterday's Halving, number 3, dropped it to 6.25 Bitcoin.
Unlike government backed money, where the supply is increased every time more is printed, Bitcoin is scarce and its supply capped at 21 million. At the time of writing, there are only 2,623,575 Bitcoin yet to be mined.
Just four more years until the next Halving ... and what a four years it is set to be! If the last four years in Bitcoin are anything to go by, we're set for a fascinating ride. Are you on board?
Bitcoin is back above $10,000 for the first time since September 23rd 2019, when it dropped below that point after a surge beyond 12k.
$10,000 is a strong psychological price level for those on both sides of the market. It instills confidence in holders of Bitcoin, while creating a fear of missing out for those yet acquire some.
If Bitcoin can spend time consolidating above 10k, it will build a foundation from which to launch to much higher prices. Bitcoin to the Moon!
Since my recent article, MimbleWimble Coin Delivering High Returns for Bitcoin Holders, the price of MWC has continued to soar, and is making a push towards 0.001 BTC per coin. To coincide with this stunning performance, a range of cool MWC merchandise was launched today.
The merch includes a huge variety of clothing items, available in many colors, styles and sizes. Other product lines are stickers, phone and tablet cases &skins, mugs, tote bags, clocks, pillows, prints, posters, coasters and notebooks... plus even more.
So step up your crypto swagger and click here to check out the MWC Merch Store.
Want to know more about MWC? Visit the official website at MWC.mw
Bitcoin to the Moon is dedicated to following the original cryptocurrency on a journey to its ultimate destination.
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