The Phaserl


What Bitcoin Knows Gold Does Not: The Syria Outcome

by Justin, GoldSilverBitcoin:

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, why?

Gold still rests below $1400. Considering rampant discussions on a military resolution in Syria, this is surprising. In times of international crisis, gold goes up…usually, that is.

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