See the latest Australian dollar analysis here:
More Bitcoin voodoo today. What does it say when Donald Trump becomes the voice of reason?
He went on to say that it ought to be “highly regulated”.
Outlawed is my preference. It’s nothing more than a worthless private currency swindle made on the principles of regulatory arbitrage.
Meanwhile, we get more voodoo:
The world’s largest digital currency has slumped, pushing its average price over the last 50 days close to its 200-day moving average. Should the short-term line cross below the long-term one, the coin would reach the forbidding formation. The indicator is typically seen as a closely-watched technical measure that could offer a hint at more pain to come.
Honestly, how did humanity come to this impasse of an absolute waste of everybody’s time and money?
Just ban it already.