Bitcoin is soaring

As of 6/16/2019, Bitcoin has rallied over $1000 in just a few days. This is straight gambling, but enough people are jumping in to make it pop. If you don’t have excess cash to risk, stay out. What is making this thing move? No one knows, but I doubt it is governments or the Russians. I think it is the exchanges themselves. Those guys make all the money because they charge a 1.49% transaction fee for everything (buying or selling). There were some strange transactions on specific days that started this rally. In an article with Goldman Sachs back in May 2019, they claimed the Bitcoin market was dominated by only 10 large holders (those with wallets of $1 billion

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