There are four main forces currently driving US stock markets ahead of the elections – the spread of Covid-19, the stimulus deal, the Fed’s policy and the vote itself. The real thing driving the market is the upcoming election, and people start to get nervous about that. That will push the markets down, while the world’s most popular cryptocurrency, bitcoin, will be shooting through the roof. While China is already testing its digital yuan, more and more central banks are currently considering the idea of launching their own digital money. Federal Reserve Chairman Jerome Powell recently said the Fed is open to collaborating with the private sector on a possible digital US dollar. This could trigger massive changes in the current system, which some say is no longer suitable. Bitcoin may take the place of gold as “a hedge against inflation” in the new financial reality and top €100,000 minimum.
Bitcoin to €100k min
from Bitcoin – The Currency of the Internet