Published On: Fri, Feb 24th, 2017

CNBC: Bitcoin Price Surge is Start Of ‘Inflationary Period’

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As Bitcoin hits all-time highs, the infinite wisdom of CNBC and the mainstream press surfaces again as a bizarre news piece suggests the start of an “inflationary period.”
Bitcoin Surge ‘Might Not Mean What You Think’ – CNBC
The segment from the network’s Trading Nation, which aired Thursday, also included commentators describing Bitcoin as a currency for “buying kidneys.”
“Bitcoin is surging – but that might not mean what you think,” an accompanying article reads.

Asked whether he had an “opinion” on Bitcoin, Dennis Davitt of Harvest Volatility Management said about among other things that he “really liked Bitcoin” but that “the big fear around Bitcoin is just one day when the governments come out and say, ‘We’re no longer going to allow this.’”
No mention was given to the cryptocurrency’s ongoing sustained price increase shaking off regulatory pressure – particularly in China – more effectively than at any time in its history.

Indeed, despite Bitcoin’s volatility becoming less and less, Davitt suggested that the most recent increases were in essence a bubble.
“What people …

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