by Jeff Berwick, The Dollar Vigilante:

It was just a few days ago that we trumpeted that bitcoin had hit a new all-time high above $1,330 and it has since blasted through $1400.

And, it hasn’t stopped there… at all.

Bitcoin has continued to smash through new highs nearly hourly since. And today it hit a high of $1,466.88.

One month ago bitcoin was at $1,100, meaning it has risen 33% in the last month alone.

We’ve been covering bitcoin at The Dollar Vigilante since it was $3 in 2011.

If you had bought then, as many TDV subscribers (subscribe here) did, you would have made fortunes.

$10,000 worth of bitcoin bought at $3 in 2011 would be worth nearly $5 million today. If you had found out about bitcoin in 2010 and purchased $10,000 worth it would be worth $148,000,000 today.

Not bad for anarcho-capitalist computer money!

It’s not even just for anarcho-capitalists anymore. Sean Spicer, Trump’s press secretary tweeted out a bitcoin address earlier this year…. Although he quickly deleted it right after.

It was probably for some bribe… or ahem donation.

In any event, the great majority of bitcoin trading until recently has come from the US and China. But something major has changed recently.

There’s a new Sheriff in town. In the last 24 hours, more than 50% of trading has taken place in Japanese yen, according to the data service CryptoCompare.

It should be noted too that bitcoin’s recent all-time highs in US dollars are actually quite a bit less spectacular than the price of bitcoin in almost any other fiat currency.

In terms of euros, which we admonished Europeans to buy bitcoin over the last few years, bitcoin has risen over 238% in the last year!

Read More @ TheDollarVigilante.com