If you are into Bitcoin, I'm sure you have noticed the recent spike in the price. It jumped from hovering around $650 to its current price of $745 per coin. I'm curious what is happening. I read a few articles mentioning that the Chinese are purchasing Bitcoin as a hedge against inflation. I believe that is part of the reason for the increase we've seen over the last month. After Bitcoin spiked, I decided to check the price of gold and silver. To my surprise, they are going up as well. Gold is almost reaching $1300 and silver is hovering around $18.50. I'd have to assume this not only has to do with China but also the United States election. The world is waiting to see who will be the next president of the United States and depending on the outcome the US could be in great danger.
Inflation
Besides the inflation happening in China, the United States continues to print dollars. As more people are fleeing the dollar and putting their money into commodities, the United States could end up seeing a lot higher prices. Even when I go to the store I can notice food prices are rising as well. I think we are getting closer to an apocalypse type scenario. It is a scary thought that the American lifestyle may be coming to a sudden halt. Especially since I'm American.
EU
Europe is also struggling with looming financial crises and migrants coming into their countries. The world seems to be falling apart day by day. Are we getting closer to a global financial collapse? It sure seems like it may come soon. The United States borrows about three billion dollars per day and have been doing so for many years. We are continuing to instigate wars with countries and bringing ourselves to the brink of bankruptcy. Not only that, we are exposing ourselves to more danger. The United States could end up shooting at Russian forces in Syria causing World War 3.
Extra Extra
Wikileaks has released so many damaging documents to Hillary Clintons campaign and the scandals keep coming. Documents regarding rigging the election, pedophile rings, and murder. Hillary even received the debate questions before the debate. The system is completely rigged and corrupted. It isn't just Hillary, it is the whole government. A few politicians may get caught in scandals, but there are a lot more that are walking free.
Protection
With all of the mayhem going on around the world, the best thing to do is stock up on food and water, try and accumulate commodities like Bitcoin, Gold, and Silver. Praying may help too. We live in dangerous times, it may not be at the complete extreme yet, but it is heading in that direction. The recent surge in Bitcoin could be a sign bad times are coming. If you are awake, find ways to prepare yourself.
Please upvote, resteem, comment, and follow me.
Sincerely Yours,
@johnnyyash
Makes me glad for my silver, I got no bitcoin!
(At least silver works in the dark (power out))
I likes the STEEM myself!
And so does gold! ;) Gold + Blockchain = a winning combo! I am investing my life savings in Bitcoin and gold. Silver sounds like a smart investment too in these shaky times. Good luck!
Perhaps it is time to buy? Before it is too late, once again.
This is a great article and supplements my recent posts on BITCOIN. Thanks for sharing. Happy to upvote and share this on Twitter✔ for my followers to read. Now following and looking forward to reading more of your blog. Cheers. Stephen
Thank you, appreciate the support. Following you too.
What happened it started going down suddenly Today. Any idea anyone?
Could be people selling off making profits... But it's starting to go back up. There a ton of factors that will come into play on the price. Confidence in fiat currencies, politics, supply and demand, etc.