Cryptocurrency Becoming Mainstream

I must interrupt my usual broadcast to point out that Bitcoin (BITCOMP) is continuing to go wild. I am very glad not to have to hang my head in shame for dissing it. Late in November, I posted Why Crypto is Better and now BTC is up 100% since then, whereas gold hasn’t done much.

I was asked on Twitter for a projection price. I fired up the old Fibonacci projection thinking it might tell us, but, well, it’s always been exceeded. Yikes.

Some of the alt-coins are getting excited. Dogecoin has roared about 76% in a matter of hours.

Of course, Ripple (XRP-X) fans are probably furious. It’s just about the only cryptocurrency which is bombing these days, all thanks to a massive scandal and SEC lawsuit. Keep in mind, out of hundreds and hundreds of alt-coins, XRP was one of the very biggest, and now it’s a washout.

The whole crypto-craze is getting awfully mainstream. Even on Twitter’s “What’s Happening” panel, cryptocurrency has taken two of the five spots.

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