After soaring in the aftermath of the Cyprus depositors confiscation, Bitcoin has gone parabolic, up over 50% in the past 48 hours to $150…and has subsequently showed signs of a bursting bubble, as it has crashed to $120 this afternoon.
Notice that Bitcoin has returned nearly a 20 bagger in under a year:
This morning we looked into whether there was any good method to short Bitcoin…but it appears the bubble has already popped, as viewed on the 1 day chart:
And a longer term chart courtesy Max Keiser:
An intra-day swing from $115 to $150 and back to $120 again.
One day a similar exponential move will occur in gold and silver as fiat currencies burn and enter their final melt-down.