jeez ..... the press ... a very quick one ...

The FT report today ..... 

"Bitcoin tumbles back to $30,000 in volatile trading"

From an all time high over the weekend of $35,000 ... Is that bad news!? OR reason to avoid crypto$!?

Back in 2017/18 I recall posting in this blog about the (central) banking system and how bitcoin was a child of the 2008 financial crisis.

"Get some" I recall and also that I thought that a price of $11,000/btc seemed about right. (obviously not to be taken as financial advice.....)

Well QE and central banks have done awesomely well in helping us through the Covid-19 crisis .... but the effectiveness of printing money and just handing it out is now stretching bond markets  .....

AND, just a touch of civil war in the USA (remember the Fed underpins the global fiat currency market) could produce some serious shockwaves in financial markets ...

No wonder peeps are buying BTC ... doh...