Bitcoin Soars Above $2000 For First Time Ever

Posted May 20, 2017 2:24 pm by Comments

By Tyler Durden

Bitcoin is now up over 100% in 2017, amid global political uncertainty and increased interest in Asia, suddenly spiking above $2000 this afternoon for the first time ever…

 

That is a year-over-year gain of more than 350%. The move comes, as CoinDesk notes, amid a broader boost in the cryptocurrency market, which broke the $60bn barrier today. The increase has taken place amid strong surges from Ripple’s XRP, which seeks to lower costs in enterprise cross-border payments, and ethereum’s ether token, a cryptographic asset that powers its decentralized app network.

It appears Bitcoin is one of the only (un-rigged) assets in the world that is reflective of global policy and geopolitical uncertainty…

Source: ZeroHedge

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