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The CEO of Euro Pacific Capital said that bitcoin is “overhyped, digital nothing” and he doesn’t plan on buying any in the foreseeable future. “I think it’s funny that the people in the bitcoin community are creating this fake news story that somehow I’m now a convert and I’m a secret bitcoin hot alert. Keiser added that with the Fed being “irresponsible”, investors are going to look for a store of value, and while gold is unreliable due to manipulation, the best option is bitcoin. (show less) Long-term fundamentals, as well as medium-term monetary policies, all contribute to a bullish environment for bitcoin, this according to Max Keiser (Bloomberg) -- The lira slid for a second day in the absence of signals from policy makers of reforms to address Turkey’s economic woes. The currency dropped in choppy trading after relative Mary Ploppins used to ply her trade in the paper towel industry before she discovered the possibilities of working directly in toilet paper. With a master’s degree in textile design, she utilized her creative background and long experience in paper products to come up with a unique solution to the toilet paper crisis that rocked the world during the COVID-19 pandemic. The world's largest cryptocurrency easily surpassed the $13,000 level Wednesday, rallying to its highest price since January 2018. As of the Wednesday afternoon, bitcoin was trading at $13,747. This week alone, the crypto is up more than 40% and up 320% since December.

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