Bitcoin Moving Up Highest Price In Sight

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It has finally happened. This cryptocurrency has just hit an all-time high and is dragging other minnows up in its wake. This has happened at a time when the US dollar has been falling. It is also when major funds which did not invest in it before that are doing so now. Will this cryptocurrency replace the dollar?. This is not an inconceivable question. Other assets have replaced the dollar in the past.  Thus there is no reason why they can’t do so again. With the FED printing money with no backing, it is highly likely that the debasement of the dollar lower will continue. There needs to be prudent management of the US current account deficit and a strong economy to right the imbalance that recent years vagrancies have heaped on to the US economy.

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Mark, our Tech Reporter, especially loves the intersection between technology and politics. When Mark isn’t busy consulting creators of Sci-Fi TV he writes for Jupiter Today and makes the best lattes in the office. He says his writing career started when he was a freshman in the University of Phoenix; he earned money on the side by proofreading washing machine manuals. It was while running a daily column for IT Bee early in his career, that Mark took a particular interest in the intersection between technology and politics. Nevertheless, he keeps his articles as neutral as possible — except for when he’s geeking out over fresh industry news. Mark currently resides in DC. His credo is “Data or it didn’t happen”. Email:timmerman@democracyforus.org

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