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Bitcoin Won't Rally Until Dictators Stop Selling
Time and again it appears as though Bitcoin weakness coincides with problems in countries run by dictators for a lack of a better word. Maybe it is a coincidence that Bitcoin's recent slide that started in early January just as Venezuelan bonds started rallying on hopes that Juan Guaido could be a credible replacement for Maduro. The first serious mentions of Guaido occurred on January 5, but they didn't get real traction until January 10. Bitcoin was above $4,000 on January 9 and fell as low as $3,360 this past week, before bouncing nicely on Friday. The Venezuelan 7% bonds due in 2038 were trading at 23 cents on ... (full story)