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Bitcoin's price is at record highs. Is it sustainable?

From news.sky.com

The world's biggest cryptocurrency has doubled in value over the past 12 months - buoyed by Donald Trump's return to the White House. However, its 10% surge over the past week is down to one specific factor: the US government shutdown. Experts have told Sky News that the drama unfolding in Washington is undermining trust in the dollar - and pushing investors to alternatives. Bitwise senior associate Max Shannon said stubbornly high inflation, which erodes spending power, is another factor. Some countries are also increasing their monetary supply - watering down the value of cash in circulation - with government ... (full story)

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  • Category: Fundamental Analysis