What does this surge in Bitcoin price mean?
We’ve seen a very strong move in Bitcoin this Friday. The price moved up by good 16 and a half percent measured from the opening to the closing price. However, the move continued into Saturday and in less than a day, measured from low to high, rallied by almost 40 percent. Let’s try to put this into perspective and answer a couple of questions. For example we are interested how does the magnitude of such a move rank since 2010 and what does this mean for future expectations.Read More