Bitcoin Is Having a Civil War Right as It Enters a Critical Month – Bloomberg

The bitcoin logo

The bitcoin logo (Photo credit: Wikipedia)

Chinese grandmothers, professional gamblers, and speculators of  all sorts, want a share of Bitcoin action but are many of them too late? According to this Bloomberg article we can expect turbulence ahead.

Source: Bitcoin Is Having a Civil War Right as It Enters a Critical Month – Bloomberg

These are dangerous times for amateurs. The professionals will probably clean up, unloading their stock on the peaks and taking their profits, ready to move on to the next bubble.

Thoughts?

Vladimir Putin Is Getting Interested in Bitcoin’s Biggest Rival – Bloomberg Technology

This is an important read from Bloomberg Technology. It reports that Ethereum, the world’s largest cryptocurrency after bitcoin, has caught the attention of Vladimir Putin as a potential tool to help Russia diversify its economy beyond oil and gas.

Source: Vladimir Putin Is Getting Interested in Bitcoin’s Biggest Rival – Bloomberg

Cryptocurrency is more than a technology bubble. If cryptocurrency takes off, there will possibly be no need for the US Dollar to be the world’s reserve currency – this currently gives the US strategic and geopolitical advantage.

Is Vladimir Putin going to outfox Trump with Ethereum?

Thoughts?