Bitcoin rocketing past $2000 AUD

Bitcoin rocketing past $2000 AUD


Speculative investing or real store of value?

Digital assets/ currencies are a haven for speculative investing and day trading with good gains from the high volatility.
The thing to take away is that the total market capitalisation of Bitcoin has grown from approx. 16.5 billion three weeks ago to over 23.8 billion. This is not just a sideways shift from other alt assets, Ethereum has grown to nearly 7 billion and Ripple is near 2 billion and the top 15 assets have seen positive market cap.
My call is that the time has come, with digital assets breaking new ground, Bitcoin has smashed the psychological threshold breaking $2000 AUD and for those who deal in USD breaking $1500USD has set a new benchmark. The new gold is here to stay, yeah sure more volatility and some big spikes are coming but the trend has shown no backward move for over 8yrs.
Indicators are that money is flowing to digital assets and the volume is growing quickly. Personal projections of reaching $2000 USD are ahead of trend. This is exciting stuff.. and it looks like the curve is just started... too late to get in? I think not. With 4 trillion traded in FOREX daily, 8 trillion in total gold market cap and approx 50 trillion in the MSCI All Country World Index things are looking hot. With a 1% trend into Bitcoin the unit price will easily exceed $1,000,000 per BItcoin. My assessment is that with the total utility offered by different digital assets, the Bitcoin gateway and store of value will grow exponentially. Let's call it $3000 USD by December 2017 and then over $50,000 per unit price by the end of 2018 and that is conservative projections.. let's see, I believe in the blockchain.. stay tuned for more...

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