January 26, 2018
What’s Behind Bitcoin’s January Sell-Off
By Nick Rokke, analyst, The Palm Beach Daily
“Will Bitcoin ever rebound?”
“Bitcoin Price Crashes as it’s Branded a ‘Failed Experiment’”
“Bitcoin price falls by 20% in dramatic crash”
“Is This the Beginning of the End of the Bitcoin Bubble?”
You might think that all these headlines were from last week. If you do, you’re wrong.
We remain firm believers in bitcoin. Despite the recent crash, we’re still up 2,597% since recommending the cryptocurrency in April 2016. And if you follow our plan and position-size correctly, you can ride out these storms.
Bitcoin isn’t the bubble — the global financial system is
By Michael Krieger, thehill.com
Pretty much every article you read about bitcoin in the mainstream press ends up in the same place. You may not hear it until the seventh or eighth paragraph, but eventually you’ll be told that the whole thing is nothing more than a modern day “tulip bubble.”
While we’re on the topic of bubbles, it seems the truly gigantic bubble in the world isn’t bitcoin, but rather the global debt market. This leviathan now stands at around $233 trillion, or 318 percent of global GDP. Even more troubling, an estimated $11 trillion of government debt now trades at negative yields.