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Bitcoin: What Is It Good For?

From monetary-metals.com

It was just two days ago, that we wrote about last week’s slide in the silver price from around $24, to around $22.50. Well, yesterday and today the price ascended back to around $24. The question is whether silver is now just as scarce as it was, scarcer, or more abundant? Read on… But First, Bitcoin First, we want to touch on what has been happening in the world of bitcoin. We will even break our preference to criticize it only when it’s skyrocketing (the basis of most criticism of bitcoin—or gold and silver—is when the price drops). Within a period of about 17 hours, bitcoin dropped about $1,500. Prior to that it ... (full story)

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  • Category: Fundamental Analysis