by SGT, SGT Report:

Bitcoin is approaching $1,500 USD, rising more than $70 today as volume in trading for the cryptocurrency surges to an all-time high.

According to data from CoinDesk, the surge in Bitcoin comes during a period in which volume is shifting to new markets, like Japan, where newly enacted regulations have set the stage for a more robust trade in the market.

Bitcoin is up 220 percent over the past year, and a whopping 34 percent in just the last month. Some analysts are predicting a price of $3,000 USD in 2017 for the granddaddy of cryptos.

But the spectacular rise of Ethereum over the past several months is perhaps the bigger story.

Ethereum, the lesser known cryptocurrency, has skyrocketed 736 percent in the past year, moving nearly 60 percent higher in just the past 30 days. As of this report, Ethereum hovers just below $80 USD. Like Bitcoin, Ethereum is easily purchased via Coinbase and other trading platforms.

To learn more about some of the many reasons for Ethereum’s breathtaking price rise and why it may be positioned to go a lot higher, read this article from CoinDesk: A Branch of the UN Just Launched Its First Large-Scale Ethereum Test and check out this report from our friend Bix Weir, ‘Ethereum Shock & Awe’.

Clearly awareness of and demand for cryptocurrencies is soaring. Even Billionaires are getting in on the game.  I don’t want to see you all left behind.

So what are precious metals bulls to do?

Silver and gold languish just below 200 day moving averages as an endless barrage of paper precious metals on the Comex soaks up demand with phantom metal. The same trick cannot be played on the cryptocurrencies, where very FINITE supply and rising demand is causing prices of the coins to rise farther and faster than even the most bullish of analysts could have predicted.

As I began saying roughly one year ago, taking a small position in a crypto or two might be a good way to diversify one’s portfolio and get some skin in the game.  None of us knows how high the price of Bitcoin, Ethereum and other lesser know cryptocurrencies will go.  However, one thing seems certain, the international banking cartel wants to move the world away from cash and toward a cashless society, and the cryptos are on the move – and at least for now the prices of the cryptos cannot be crushed by bankers’ counterfeit “coins”  like silver and gold can be, and are daily.

If you’d like to test the waters by buying a Bitcoin, or a fraction of one, or some Ethereum, you can sign up for your own Coinbase account by clicking this link – and as a friend of SGT report we will both receive $10 of free Bitcoin once you buy or sell $100 of digital currency.

I wanted to share this report with you because many a would-be millionaire sold Apple stock when it ran from $12 in 2001 to $120 just a few years later, taking its market cap from $6 Billion to $60 Billion…  Today the company is valued at $776 Billion.

If analysts are correct about the future of blockchain technology and cryptos like Bitcoin and Ethereum, there may well be a lot of meat left on the bone.

God Bless!

~Sean

SGTreport.com