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Title: Bitcoin is Back – As a Safe Haven Asset
Source: Gold Goats ‘n Guns
URL Source: https://www.lewrockwell.com/2019/06 ... is-back-as-a-safe-haven-asset/
Published: Jun 24, 2019
Author: Thomas Luongo
Post Date: 2019-06-24 10:23:40 by Ada
Keywords: None
Views: 520
Comments: 1

Back during the cryptocurrency mania of 2017 I explored Bitcoin as a foundational asset of a different monetary system. Built on blockchain I put together a crude crypto-version of Exter’s Pyramid to visualize this.

Today with Bitcoin soaring past $11,000 we may be entering a new mania phase but this time for completely different reasons than in 2017-18.

However, before I get started, let’s review what Exter’s Pyramid is and why Bitcoin, necessarily, today sits at the bottom of it in the crypto-space.

John Exter visualized the global financial system as an upside down pyramid.

Click for Full Text!

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#1. To: Ada (#0)

Fighting for $11000+ support as we speak... next resistance to break is $12000.

Rotara  posted on  2019-06-24   13:05:10 ET  Reply   Untrace   Trace   Private Reply  

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