Bitcoin Booming in the New Decade “Big Nose!”

By Vincent Zandri on The Capital

Still think Bitcoin is a bunch of BS? Would you rather invest in something like an IRA or precious metals? Or would you rather just keep your money in an interest-bearing checking and/or savings account? Heck, maybe you’re into one or two percent CDs. But the fact is, it’s only the second week of the new year and the new decade, and already the world’s premiere crypto asset is up 20%. That means even if you made a measly (and safe) $1,000 investment on New Year’s day, you now have $1,200 sitting in your account. And by all indicators, it looks like BTC is headed for $9K. Should that area of resistance get broken, look for a $10K coin on the short term horizon.

According to Bloomberg, not only is Bitcoin off to its best start since 2012, there seems to be renewed enthusiasm in the cryptosphere. This is hardly surprising, especially when you consider tweets from the likes of Tessla genius, Elon Musk, like, “Bitcoin is not my safe word.” All sorts of speculation have arisen from this little bit of wisdom or anti-wisdom depending on how you look at it. The tweet not only went viral immediately, it kind of reminded me of that scene in Monty Python’s Life of Brian where a would-be Messiah…