In bitcoin I wouldn’t say the previous all time high has been smashed yet, but it has been beaten on every major exchange as far as I know. With bitcoin at about $1230 as I write, it hasn’t yet beaten the MtGox high point which was $1242 I think. But I guess it is a new all time high in US dollars now. Another target I’m looking for is bitcoin to be worth more than £1000 (British pounds).
More exciting for me though is that bitcoin looks poised to overtake the spot price of 1 ounce of gold. Here’s a pretty looking chart of Bitstamp, not on log scale for a change.
Gold has kept a lid on bitcoin up until now but it looks very likely that the time is coming for 1 bitcoin to be more valuable than 1 ounce of gold.
Compared to 2013 when bitcoin spiked up to these heady heights above $1000 this time it feels like its only getting started, to me at least. But I am more often than not bullish.
Now to Dash – My other favourite crypto. What can I say, Dash is doing a moonshot. I posted recently how it overtook 1 ounce of silver in price, now it has doubled silver! Heres a chart of that amazing rise.
For many the rise of Dash is a complete shock, for me I’m surprised its taken this long. But it is now up to 3rd biggest marketcap in crypto after overtaking Etherium Classic, Monero, Litecoin and Ripple. Now only Etherium and Bitcoin are above it.
With a steep rise like this I’d be very cautious trading Dash at the moment for obvious reasons.