Weekly Digest: Bitcoin Posts Gains, Becomes Valentine’s Gift

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This week saw the 500th anniversary of Magellan setting sail to circumnavigate the globe. So how is Bitcoin doing on its path to global domination? Bitcoin Price: Another Net Positive Week Bitcoin price started the week on a flyer, jumping 10% on Monday, and propelling it back towards the $12,000 mark. Year-to-date, this meant that bitcoin had outperformed stocks by a factor of ten. Further price increases on Tuesday pushed us back over $12k, albeit only briefly before a pullback to Monday’s levels. Binance CEO, Changpeng Zhao (CZ), got bullish, tweeting ‘Don’t bet against Bitcoin’, prompting one Bitcoin whale to do just that. The whale offered to personally send CZ 10BTC if price didn’t drop back below $8k in August. Bearishness aside, support held at $11,200 and BTC bounced back to trade at around $11.6k. Wednesday saw bitcoin poke its head even more briefly above the $12k level, and price…

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