A few days ago I wrote about Bitcoin which was in the middle of a classic crash. I gave several reasons why not to sell even though it looked like BTC was going down to $6,000. One was: “Firstly, a change in the global situation could dramatically change the picture.” That is what we got on October 25, 2019 – Xi Jinping, the Chinese President, used blockchain technology as an example of where China should focus on new technology as part of its economic progress. That is the accepted reason why BTC went from $7,500 to $10,500 in a few hours. The read through from blockchain to BTC is not a big leap of imagination and ... (full story)