One can observe which of these scenarios the world is moving toward by keeping track of two prices: the exchange rate of Bitcoin against the dollar (pictured above), and the dollar inflation rate, which measures the exchange rate of the dollar against a basket of goods and services. If Bitcoin’s price plunges and approaches zero, it’s a clear sign the third scenario is underway. If the dollar crashes against both Bitcoin and real goods and services — that is, if Bitcoin and inflation both go to the moon — it indicates that Bitcoin Triumph is happening. And if Bitcoin rises against the dollar but inflation stays low, it means the middle scenario, Bitcoin as Gold, is in effect.
Crypto Market Adds $20 Billion in 30 Minutes as Bitcoin Price Spikes Above $7,400
The bitcoin price has surged 10 percent over the past 30 minutes, subsequent to experiencing a substantial spike in its volume.
Does The Russian Indictment Exonerate Bitcoin?
The indictment of 12 Russian cyber operatives goes to great detail in outlining the tools, techniques and tactics used to derail the Democratic Party and Hillary Clinton's presidential ambitions. The indictment also shows how the traceability of the bitcoin blockchain aided law enforcement.
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