Bitcoin Breaches $50,000 As Ethereum Goes Into Overdrive As US Dollar Falls (Gold Has Been Rising Since August 9th)

I still don’t understand the cryptocurrency craze as an investment since it is a FIAT currency … like the US Dollar. Much like the tulip bulb craze in Holland in 1637. But it is still fun to watch these alternative investments including gold and silver.

This morning, Bitcoin breached $50,000 before falling below $50,000 again. Ethereum really surged before today and gold, while flat today, has been generally rising since August 9th. The US Dollar index has been generally falling since August 20.

Here is a photo of Bitcoin breaching $50,000.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.