Gold and Bitcoin are on the move.
They’re both rallying. Not crazy rallies like we’re used to seeing with 2017 Bitcoin. But they are for sure up for some major exciting moves. Bitcoin has gone up over 10% in the past 48 hours.
Gold has hit a new all time high. Bitcoin has officially now crossed 11K and we’re probably going to see it cross 12K soon. If this happens, look out for 14K next.
Alex Mashinsky, CEO of Celsius Network is expecting Gold to even greater all time highs in the next 4 weeks and BTC to have all time highs by the end of this year, which he has been saying all year. If you are writing about the markets right now, happy to share these quotes with you:
From Alex Mashinsky:
“I believe bitcoin’s current levels hold a lot of resistance from short sellers and hedging by profitable mining operators, so in order to see new highs, BTC must break $12k and then $14k.”
“Gold, as a safe haven asset, continues to gain momentum as the “recovery” expectations mellow down and more and more FIAT currencies worldwide see +30% inflation and debasement from their central banks printing money.“
Catherine Coley, CEO of Binance.US says:
As Bitcoin and other digital currencies are easier to access than ever before, we’re seeing a surge in BTC interest as the market anticipates that second stimulus bill. In fact, yesterday we saw an all-time-high in Bitcoin trading on our platform.
What’s clear is that things are happening. Here at CTN we can strongly see Bitcoin hitting a new all time high during these crazy COVID-19 times.