Market Review and Trends
Bitcoin on the rise
By PT Trader  •  November 20, 2016
While the equity and FX markets have entered into a flux during this election period, Bitcoin has quietly been on the rise. While it was once distrusted and not favored, more governments have started accepting Bitcoins for payments. It is now slowly rolling out across Asia, from South Korea to Malaysia to Singapore. The pic below shows what a Bitcoin ATM looks like, something i believe will become even more common in days to come.

I was quite the noob on the subject of cryptocurrencies until recently when i started becoming interested in means of exchange other than fiat currencies. Looking at how India suddenly declared RS500 and RS1000 notes non legal tender overnight, it should serve to remind us that our livelihood in daily transactions depend greatly on the guarantee from the governments. While i am not advocating panic, i think some diversification will not hurt. 

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By PT Trader
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