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Bitcoin is Now the Heartbeat of the Entire Global Economy 

We’ll see this happening more and more in the upcoming years.

Major event happens, bitcoin’s price is instantly affected.

News break of the war in the Middle East?

Bitcoin plummets, because the people panicking didn’t have any other open markets to sell their stocks or bonds or real estate.

News break of an attempted Trump assassination?

Guess what?

From Vasilis Pazopoulos on twitter (Translated from Greek):

Bitcoin plummeted in the first 5 minutes after the shot was fired. Afterwards it recovered immediately when people realized Trump was mostly unharmed.

Before bitcoin we had the stock index futures to see the impact of breaking news. But those don’t trade during bank holidays.

I’ve explained this in my bitcoin workshop lessons a few times.

Never before have we had anything similar to bitcoin that connected the entire planet to this degree.

Bitcoin makes the entire globe act as a bell, carrying the vibrations of any major event across the world in seconds, reverberating across all secondary markets.

It is the pulse of global economy. You don’t even need to know what exactly happened, all you need to do is monitor the bitcoin price to see that something major did happen.

This will become apparent as years go by. Bitcoin will swallow monetary value from lesser assets like a black hole.

Of course, that will reduce its volatility over time, and then maybe these world events will be even easier to spot.

What’s certain is that we’re unprepared for this kind of value transfer at these speeds.

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