{"id":330669,"date":"2017-10-16T10:15:16","date_gmt":"2017-10-16T09:15:16","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/prison-planet-com-bitcoin-tops-5800-up-over-20-today-amid-china-rumors\/"},"modified":"2017-10-16T10:15:16","modified_gmt":"2017-10-16T09:15:16","slug":"prison-planet-com-bitcoin-tops-5800-up-over-20-today-amid-china-rumors","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/prison-planet-com-bitcoin-tops-5800-up-over-20-today-amid-china-rumors\/","title":{"rendered":"Prison Planet.com \u00bb Bitcoin Tops $5800 \u2013 Up Over 20% Today Amid China Rumors"},"content":{"rendered":"
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<\/p>\n

Zero Hedge<\/strong><\/a>
October 13, 2017<\/p>\n

Update: Bitcoin has now topped $5800 amid unconfirmed rumors that China will restore cryptocurrency trading<\/em> (perhaps in a more regulated environment) following the forthcoming National Congress.<\/strong><\/p>\n

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As it seems the rest of the crypto space is being sold to fund BTC buying\u2026<\/p>\n

\"\"\/<\/p>\n

*\u00a0 *\u00a0 *<\/p>\n

Having smashed through the old record high this morning, Bitcoin has blasted above $5600 as the Asian session begins.<\/em><\/strong> The cryptocurrency is now up 30% since the Chinese returned from their Golden Week holiday\u2026<\/strong><\/em><\/p>\n

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Bitcoin is now 16% above its previous record high\u2026<\/p>\n

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As a reminder, Mike Novogratz recently suggested Bitcoin could reach $10,000 within the next year.<\/a><\/p>\n

In an interview with CNBC\u2019s\u00a0Fast Money<\/a>,\u00a0Novogratz called the emerging landscape a \u201crevolution,\u201d <\/strong>stating:<\/p>\n

\n

\n\u201cI never thought I\u2019d come out of retirement but the space is so exciting right now I decided to build a business, hire a whole bunch of smart guys, and we\u2019re gonna to raise a fund \u2026 and hopefully take advantage of what I see as a revolution, actually. A decentralised revolution.\u201d<\/strong><\/em><\/p>\n<\/blockquote>\n

As a store of value, Novogratz likened\u00a0bitcoin<\/a>\u00a0to digital gold<\/strong>, and said the technology is beginning to make \u201cmore and more sense\u201d as we move increasingly into the digital.<\/strong><\/p>\n

Novogratz continued to say that, while bitcoin is a bubble, the mania is justified,<\/strong><\/u> because it is a technological advancement that promises to fundamentally alter our lives.<\/p>\n

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\n\u201cI can hear the herd coming\u201d <\/strong><\/em>Novogratz said.<\/p>\n<\/blockquote>\n

And bubble or not, Novogratz concluded eloquently on the extreme nature of cryptocurrencies\u2019 potential\u2026<\/p>\n

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\n\u201cRemember, bubbles happen around things that fundamentally change the way we live,\u201d <\/strong>he said.
\u201cThe railroad bubble. Railroads really fundamentally changed the way we lived. The internet bubble changed the way we live. When I look forward five, 10 years, the possibilities really get your animal spirits going<\/strong>.\u201d<\/p>\n<\/blockquote>\n

Bitcoin…<\/strong><\/p>\n<\/div>\n

Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Zero HedgeOctober 13, 2017 Update: Bitcoin has now topped $5800 amid unconfirmed rumors that China will restore cryptocurrency trading (perhaps in a more regulated environment) following the forthcoming National Congress. As it seems the rest of the crypto space is being sold to fund BTC buying\u2026 *\u00a0 *\u00a0 * Having smashed through the old record […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-330669","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/330669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=330669"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/330669\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=330669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=330669"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=330669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}