Well, Bitcoin is at it again on Friday, climbing something like $350 in the space of a couple of hours, rising above $8,100.
This comes on the heels of Thursday morning’s truly absurd ascent that saw prices spike more than $1,000 in minutes.
Who knows what’s behind this, but whatever it’s worth, Fundstrat’s Tom Lee (more on Tom’s Bitcoin calls here), said three things could be behind the rally:
Whatever, Tom. Some suspect the apparently imminent arrival of George Soros onto the scene (he’s given the approval for his family office to trade digital assets just months after calling them a bubble) might also be causing shorts to get cold feet.
In any event, Bitcoin has had a great week along with the rest of this hopeless bullshit:
Don’t forget, it’s a “disease.”