Bitcoin Hits All-Time High and Smashes Through $5,000 As Gold Shows Continued Strength And The Rothschilds Get Out Of The Stock Market

https://dollarvigilante.com/wp-content/uploads/2017/09/bitcoinhits5kusd.jpg It feels like I am having financial Déjà vu as I write yet another blog about bitcoin hitting another all-time high! This one is kind of special though! Our favorite currency just hit $5000 USD! https://dollarvigilante.com/wp-content/uploads/2017/09/btc5kfinal.jpg And Bitcoin Cash continues to trade above $600. https://dollarvigilante.com/wp-content/uploads/2017/09/bitcoincash1monthfinal.jpg Meaning, if you owned bitcoin on August 1st and haven’t sold it yet, you now have a total value of over $5,600 of bitcoin and Bitcoin Cash! And, 82.8% of people who own Bitcoin Cash after the August 1st fork have yet to sell their BCH. https://dollarvigilante.com/wp-content/uploads/2017/09/86percent.png On August 28th we wrote an article entitled “Cryptocurrencies Hit All-Time Highs, Gold Spikes Higher As Investors Flee The Stock Market” and in it we mentioned how the last ten weeks of US equity capital outflows which equated to roughly $30 billion coincided with a $47 billion capital inflow into the cryptocurrency markets. And the precious metals continue to show strength with gold currently sitting at $1324 USD per ounce and $17.73 for gold and silver respectively. In light of that fact, we got to thinking, what kind of capital movement is going on outside of the US stock market? It turns out, quite a bit in fact. From Bloomberg: >“European equity funds suffered their biggest outflows in 26 weeks as a continuing rally in the euro heightened investor concerns over the region’s exporters. >Investors pulled $1.4 billion from the region’s stock funds, Bank of America Merrill Lynch said in a research report, citing EPFR Global data. That was the second consecutive week of outflows.” It was just as we had suspected, investors are moving out of international stocks as well, which makes us wonder what they are expecting to happen? Do they foresee a large correction? That the total market cap of cryptocurrencies sits at all-time highs around $178,134,988,499 gives us a clue that people are likely losing confidence in the fiat system and at the same time recognizing the crypto space as a great opportunity to both profit and protect themselves in the event of a crisis in fiat paper. https://dollarvigilante.com/wp-content/uploads/2017/09/totalcryptomarketchartfinal.jpg Getting back to the capital flight from the US specifically, we thought it was quite interesting to watch the moves the Rothschilds have been making of late. They have begun moving out of US denominated assets as well. Specifically, RIT Capital Partners (The Rothschild Investment Trust) who sold off a significant portion of their S&P Global Inc. holdings - roughly $23 million worth to be more precise. You can view RIT Capital Holdings here as well. Another factor which is also likely to be adding to the increase in cryptocurrency investment is the fact that Treasury Secretary Steve Mnuchin and the US government are under pressure to raise the US debt ceiling, which really, they have little choice in the matter. They need to raise the ceiling if they want to fulfill all their fiscal obligations and continue to pay themselves. Unless they want to put themselves out of work on purpose. HAHAHAHAHA. Yeah, that isn’t going to happen… So... Most investors believe that government will, of course, raise the debt ceiling which will then equate to more money printing which also translates to more debasement of the dollar and subsequent inflation - all of which is quite positive for the crypto bull since cryptocurrency is one of many ways to protect yourself from inflation. Another contributing factor is that there is also renewed hope for the acceptance of a new bitcoin ETF. Dalia Blass, a lawyer at Ropes & Gray - the firm who is representing the Winklevoss twins Bitcoin ETF case, is about to head up the SEC Division of Investment Management - which regulates, among other financial instruments, ETFs. What’s noteworthy, is that she has prompted excitement that a ‘proper’ (rather than GBTC) Bitcoin ETF may be coming sooner than anticipated. Considering bitcoin has risen by more than 300% since the SEC turned down the last batch of bitcoin ETFs, that means that the SEC successfully ensured that Americans missed out on about $40 billion in capital gains. Par for the course for the criminal SEC whose only job is to ensure the elite stay elite and the poor stay poor. Luckily, though, you don’t need the approval of the SEC to buy bitcoin directly. If you still haven’t done so and are still unsure of why this is such a big revolution in money and banking, check out my free four video webinar where I even offer to send you your first $50 in bitcoin at the end of the video series. And if you are just wondering if you should be buying or selling bitcoin or Bitcoin Cash here at these levels, the next issue of The Dollar Vigilante newsletter is going out to subscribers this weekend. You can subscribe HERE to get access to that. You’ll want to make sure you get the best advice at this moment in time as something big appears to be on the horizon. Investors, including Rothschild, are fleeing the stock market while gold rises and cryptocurrencies soar. It seems a lot of people are expecting something quite ominous to happen soon. The Jubilee Year ends on September 20th so stay vigilant! https://img1.steemit.com/0x0/https://www.dollarvigilante.com/wp-content/uploads/2016/08/Jeff-Berwick-The-Dollar-Vigilante-Steemit-Bio-1024x221.jpg
Bitcoin Hits All-Time High and Smashes Through $5,000 As Gold Shows Continued Strength And The Rothschilds Get Out Of The Stock Market posted first on https://steemit.com/@hilarski