BTC Bull is Back

not likely this is going to be a triple top... 1300ish will be next stop. The fact that it brushed off the Chinese regulations is impressive. In past times negative Chinese news impacted BTC for weeks or months at a time. This was a much smaller half-life. India's position on cash is undoubtedly feeding the bull as well. We are probably in a bullish window of time where increasing capital controls will cause massive inflows into the BTC eco-system. My macro view had BTC hitting the 3-4K mark this year. That still seems within reach given the current price action. Some economists are calling for 10K by 2018. That maybe wishful thinking, but if other countries adopt India's position on cash, it is certainly is attainable.