What Bitcoin Knows Gold Does Not: The Syria Outcome
The last two weeks have seen Bitcoin climb back to $130 after collapsing from $266 to $80 in April. Since then, due to diverse hands entering the market, a sense of stability fell upon the Bitcoin market.
Then, in the wake of Syria war chanting, Bitcoin steadily moved beyond $100 and did not pause for perspective until $130. At time of this writing, Bitcoin stands at $122.
But, Bitcoin knows what Rand Paul knows.
Even though Rand Paul is one of Congresses fiercest allies, he conceded that Congress will likely green-light his request to strike Syria.
“You’re probably going to win,” Sen. Rand Paul told Secretary of State John Kerry as Paul.
Even if a Syria strike is not okayed by Congress, the option will likely remain on the table. Bitcoin sees Syria for what it is: A strategic zone in the Middle East, a much desired ally or territory of not only the US, but also Russia and China.