By Renegadeinvestor.co.uk
An overview of the Bitcoin and Precious Metal Markets in Q1 2016 , including technical analysis and a look at Central bank actions.
I also ask the question is Bitcoin severely undervalued?
By Renegadeinvestor.co.uk
An overview of the Bitcoin and Precious Metal Markets in Q1 2016 , including technical analysis and a look at Central bank actions.
I also ask the question is Bitcoin severely undervalued?
Via reddit user u/ThePlagueDoctor0
[Editors Note: For the strong correlation previously seen between the Metcalfe Value and the price of Bitcoin to normalise; the price of Bitcoin needs to be somewhere in the region of $5,000 – $8,000 per coin.
If this chart holds some validity in estimating the current value of Bitcoin, right now Bitcoin could be trading at a extreme discount to its Net Asset Value (NAV)]
Via cryptocoinsnews.com,
[Editors Note: One of Bitcoins most important attributes is the fact that it is a global network and currency that completely bypasses the control and influence of individual nation states.
Because of this, like we have seen recently in the EU and now Australia; startups and entrepreneurs can continue to take advantage of regulatory arbitrage which should continue to put a cap on regulatory pressures from any one country, as these countries compete to attract the top talent.
This is one of the most important factors pushing back against the rhetoric and claims from the likes of Jamie Dimon that any one government can simply ban the use of this new technology]
A real test of this trend could come as governments become more desperate to support ailing fiat currencies and potential capital flight.
#Gold spikes 2.5% $30.00 as Fed softens rhetoric and expectations of more rate hikes in 2016; no real recovery. pic.twitter.com/PgFGgDIhHP
— Renegadeinvestoruk (@sharkybit) 16 March 2016
Via zerohedge.com..
[Editors note: Countries in the red and orange could become a hotbed for Bitcoin adoption, as these countries scramble to implement last gasp capital controls, bail-ins and cash bans in order to delay the likelihood of state level insolvency and financial collapse.
Source BofA (Click for larger image)
Via zerohedge.com
[Editors Note: yet more strengthening in the Bitcoin fundamentals as Chinese currency devaluation escalates which could lead to increasing Bitcoin and precious metal inflows]