Bitcoin Can Rise to $2000 in January 2017

Bitcoin Can Rise to $2000 in January 2017

admin 2017, Bitcoin, Bitcoin Price, India, Kim Dotcom, Prices, USA 0 Comments

A Saxo Bank ‘Outrageous Prediction For 2017’ says that the spending binge of a Donald Trumppresidency could create ideal conditions for the price of Bitcoin to test $2,000 by next year, as the possibility of the US dollar skyrocketing could force emerging markets to seek alternatives. It projects that the Trump regime’s fiscal spending binge may increase the circa $20 trillion of US national debt and potentially triple the current US budget deficit from approximately $600 bln to $1.2-1.8 trillion or some 6-10 percent of the US’s current $18.6 trillion economy. This may cause inflation to skyrocket, forcing the federal reserve to accelerate its hikes and the USD dollar to soar, creating a domino effect in emerging markets and forcing people worldwide to look towards alternative forms of currencies and payment systems not tied to central banks. The report adds: “If the banking system, as well as sovereigns such as Russia and China, move to accept Bitcoin as a partial alternative to the USD and the traditional banking and payment system, then we could see Bitcoin easily triple over the next year going from the current $700 level to +$2,100 as the Blockchain’s decentralized system, an inability to dilute the finite …

KIM DOTCOM JUST WARNED ABOUT A SIGNIFICANT GLOBAL STOCK MARKET CORRECTION ON TWITTER, TELLS FOLLOWERS “GET SOME #BITCOIN”

admin Bitcoin Bank, Bitcoin News, Crypto 2.0, Opinion 0 Comments

Kim Dotcom, the outspoken founder of Megaupload, Mega and other firms, recently tweeted about the Chinese Stock Market. The Chinese stock market experienced turbulence in late July and early August and since global stocks have taken a slide.    In the tweet, he suggests his Twitter followers “Get some #Bitcoin.” Dotcom, a German-Finnish Internet entrepreneur, businessman and political activist, was accused of criminal copyright infringement and other charges by the US Department of Justice. He is fighting etradition proceedings in New Zealand. Having founded the file hosting service Megaupload, and Mega, authorities charged that he enabled the file sharing of copyrighted material. His home was raised in 2012 by US authorities.   His next business venture after Megaupload, Mega, launched in January 2013 – one year after Megaupload was closed down. Mega is a cloud storage service using encryption. When PayPal ceased serving Kim Dotcom’s Mega, he tweeted about Bitcoin. Dotcom has long supported Bitcoin, as can be seen here.