Social Trading Blog

During Christmas, Bitcoin resumed its milestone pursuit. The cryptocurrency often split the $28,000 mark and now sets its eyes on the next record.

Only a few days after soaring over $20,000, Bitcoin is heading for the next threshold already. On Sunday, the oldest and most valuable cyber currency on the Bitstamp trading platform was often record high at approximately $28,378. For the next psychological barrier of USD 30 thousand, Bitcoin is now taking course.

The currency could not keep the level Sunday on Monday at first. However, the stock stood recently at just under $27,000 and still slightly above Saturday’s closing price. In other exchange centers, several of which have record volumes, the central bitcoin trade is not there.

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Anthony Pompliano has once again lived up to his reputation as an unshakeable Bitcoin bull. After revising his 100K Bitcoin forecast in July, the co-founder of Morgan Creek Digital explained to CNN in August why he believes Bitcoin is an asset that is set to experience a tremendous increase in value in the foreseeable future.

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In Venezuela, which is permanently plagued by crisis, Bitcoin trading on the P2P platform LocalBitcoins reaches a record volume at the weekend, thus calling the US government into action. The US government has now frozen all state accounts of socialist Venezuela in the USA and confiscated the assets. The dramatic escalation is a consequence of far-reaching diplomatic disagreements between the two countries. It also shows, however, how explosive Bitcoin & Co. have already become in world politics.

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