Bitcoin Nears $12,000

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Bitcoin is up by 4% on significant unfiltered trading volumes of $27 billion with $10 billion added to its market cap to now reach $214 billion. The digital currency has jumped in the past two weeks by about 20% from $9,000 and has 3x-ed from the March low of $4,000. However it looks like that external event only temporarily disrupted bitcoin’s trajectory with the big question of course being why is this rising and is it rising for real. Biden now knows about bitcoin and we know he knows because he tweeted about it and he tweeted about it because twitter was hacked to tweet about bitcoins. Yes, apparently a 17 year old teen had the might of the most powerful people on his hands and instead of doing something actually stupid, this boy just thought to get some bitcoins. The great leveling of the digital revolution thus continues with…

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