Bitcoin, cryptocurrencies, CRYPTOCURRENCY

Bitcoin Is Over $10,000 Again, Here’s Where It’s Heading Next

Over the weekend, Bitcoin breached the $10,000 level again for the fourth time in its short existence.

The rally comes off news that European Union leaders agreed to a $2 trillion stimulus package to help offset damages caused by COVID-19.

And the U.S. federal government is currently in the process of finalizing the HEALS Act – which is expected to add another $1 trillion (or more) to the U.S. economy.

While that may help companies and individuals in the short term, there could be some long-term negative impacts to the unprecedented (and arguably excessive) fiat money printing we’re currently witnessing.

The post Bitcoin Is Over $10,000 Again, Here's Where It's Heading Next appeared first on Money Morning – We Make Investing Profitable.

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July 29, 2020

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