Post
Topic
Board Economics
Re: The recent rise in prices, temporary or more long term?
by
kotajikikox
on 22/02/2021, 02:54:18 UTC
BTC has risen quite a bit recently, but at a slower overall rate than in December 2017.

Given that it looks like Joe and the Ho might actually get in, I am wondering if the big rise in BTC interest is because people are using crypto to transfer or HODL their cash assets to avoid taxes.  I certainly would.  I think that if it is the case, then BTC price has quite a bit of upside left in it yet, and when (not if) biden tanks the economy, then BTC will be used even more.

What do you think of the recent price gains and if the prices will stay up or crash out?
More than 1 1/2 months after posting ,  The price of bitcoin continues to grow so i think that is enough to answer your question and this seems like a Long term growth ?
or at least we wont see another below 20,000 level.



Quote
Trump won the election.  biden was INSTALLED, not elected.  There's a difference.
But let's get out of politics because there will be a good effect in out market now ,  instead we need to move forward and accept the fact that Biden is the new president .