TK and zerohedge-=== both came to the game very very extremely late, and it shows in their writing...
go back and read the headlines, starting with $60 bitcoin, and work your way to present day, is my advice.
I started following bitcoin at the Cypress and Russian Mafia / EU entanglement, and everyone in Greece started moving their savings into (this thing called bitcoin)---who knew it would be 19k---
anyway, here's what it is today!!!!!-#Bitcoin passed all the regulatory
hurdles, and is now acquiring whatever the market share will bear, in
the 200 trillion world wide money supply....
From this, it's possible to go to the table, and write down a target price!!!!LOL
in my case, i think #bitcoin captures most of the EU retail market---or 3 trillion in money supply will be needed.
so 3 trillion divided by 21 mil bitcoins
---
ANYWAY,
Here's some important history about bitcoin---
starting with a 1 penny price ,
use link.....at bottom....
here's the real story of bitcoin's flash crash $1,000 to $100's---The truth is quite a bit different from TK's version... TK AND ZEROHEDGE are wannabe experts, mostly clickbait--so AVOID these authors, AT ALL COST!----
Market Manipulation
No
discussion of Bitcoin’s price would be complete without a mention of
the role market manipulation plays in adding to price volatility. At
that time, Bitcoin’s all-time high above $1000 was partly driven by an
automated trading algorithms, or “bots,” running on the Mt. Gox
exchange. All evidence suggests that these bots were operating
fraudulently under the direction of exchange operator, Mark Karpeles,
bidding up the price with phantom funds.
back in the day, when there weren't no dam regulations!
Mt.
Gox was the major Bitcoin exchange at the time and the undisputed
market leader. Nowadays there are many large exchanges, so a single
exchange going bad would not have such an outsize effect on price.
https://www.buybitcoinworldwide.com/price/
