urbanmonk's blog

Bitcoin’s New Year Resolution to Hit $1000 is Achieved

Cashing on the previous year’s upward momentum, Bitcoin has already managed to hit $1000 mark, one day into the new year. As the repercussions of the events of 2016 will be felt this year and in the future, it is not incorrect to predict bitcoin’s continued importance.

The events like Brexit, Chinese Yuan devaluation etc were landmark because they were symptomatic of the general malaise in the world economy. The implosion of the world economy continues in the aftermath of 2016 and so does the upward climb of Bitcoin.