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Cryptocurrencies Happy Thanksgivine Blast Through A Quarter Trillion Dollar Market Cap

Currencies / Bitcoin Nov 24, 2017 - 08:40 AM GMT

By: Jeff_Berwick

Currencies

For some reason, most people are only thankful for a few days every year. Why they aren’t thankful and grateful for everything they have every day is anyone’s guess.

But, today is the day that most people celebrate a government mandated holiday based on mostly lies about how Europeans committed genocide on the North American continent.


In any case, cryptocurrency investors and speculators have much reason to give thanks today.

Within seconds of the clock turning over to November 23rd, or US Thanksgiving Day, cryptocurrencies broke through the $250 billion market capitalization for the first time ever.

Yes, that funny computer money that some people think is worthless <ahem, Peter Schill>, is now worth a total of over a quarter of a trillion dollars.

It was only $73 trillion in July, meaning it has tripled since. And, it was only $18 trillion to start 2017, meaning the cryptocurrency space is up 1,300% this year so far.

In this interview with Collin Kettell of Palisade Radio, I speculated on taking some profits from this spectacular gain and cycling some of them into incredibly undervalued gold & gold stocks.

In fact, we are just about to release the latest issue of the TDV newsletter today where I talked much more in detail about some strategies for furthering cryptocurrency profits and ideas on how and why to take some profits and move into the gold sector. You can subscribe HERE for immediate access to it.

The fact that many people in the comments section of the above video think I am crazy for taking some profits and moving into gold and gold stocks is actually all the proof I need that I am probably right.

We’ll find out soon enough.

In the meantime, if today is the one day of the year you take to be thankful for all the wonderful things in your life, enjoy it. And, consider doing it everyday. I began becoming grateful daily a few months ago and it has really changed my life.

In fact, the more grateful I am, the more great things seem to come my way. The cryptocurrency space is just one example!

Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media.

© 2017 Copyright Jeff Berwick - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Jeff Berwick Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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