Bitcoin up over 100% Since January

Even after a modest correction this past week bitcoin is still up over 100% year to date. While many people would argue that short-term speculation is driving the market, long-term holders (or “hodlers” in bitcoin parlance) believe that the world is waking up to the fact that the dollar has lost over 98% of it’s value due to it’s inflationary nature and they are looking for a “safe haven” for their money:

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