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Bitcoin Bounces All Over… The cryptocurrency shot up to $11,000 USD this week before crashing 20%... and then rebounding.
What it means – If you can’t determine what something is worth, then priceless takes on a whole new meaning. Bitcoin can be worth a small fortune, zero, or anything in between.
The gains this year have drawn investors large and small from all over the world, fueling the frenzy and creating a feedback loop that drove prices higher. Unfortunately, that means the market is always at risk of the opposite.
Here's how much money there is in the world and why you've never heard the exact number. According to the Bank for International Settlements, the total amount is about $5 trillion. According to the CIA, the total amount is $80 trillion if you include "broad money. Nov 17, 2017
Bitcoin has a market cap of $186,128,616,666
So its a small fraction of all money on this planet and it has just begun, so who know where it will end
Enter this market at your own risk.
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