​BCA: Bitcoin Closes In On $100,000, But The Ultimate Destination Is Over $200,000+ – Tyler Durden

BCA: Bitcoin Closes In On $100,000, But The Ultimate Destination Is Over $200,000+ By Dhaval Joshi of BCA Research Executive Summary The value of both gold and bitcoin comes from their so-called ‘network effect’. The network effect of both gold and bitcoin comes from the collective belief that they are the non-confiscatable assets to own in a fiat monetary system, as an insurance against hyperinflation, banking system failure, or state expropriation. As global wealth rises, the value of the network effect of both gold and bitcoin will also rise. But as bitcoin takes market share from gold, bitcoin has considerably…  — Continue at ZeroHedge News : Read More