So, I was on Coinbase this morning and I saw that Bitcoin had raised up to $1K!
Does anyone know why the sudden change? This happened before and it crashed back to $300. Do you guys think it's likely to happen again? Or will it be more stable this time?
It comes down to socio-economic stability from what I know.
Considering that we're essentially looking down the barrel of a lot of bad economic issues and potentially a very, very bad recession, there is a large interest in taking money out of insecure fiat and moving it to something a bit more valuable and secure.
Makes sense for the most part, but I'm surprised it's appearing to be this bad, considering a year ago we were valued at about half of this.