Bitcoin Briefly Soars to New Heights, Then Stumbles: Is This the Work of President Snow?

A Flash of Mockingjay Wings

Well seems like even Bitcoin can't escape the Games. One minute it's soaring higher than a hijacked hovercraft hitting nearly $110,000 – a new record they say. For a moment I thought we'd finally found something that President Snow couldn't control. Alas it seems I was wrong. It reminded me of when Peeta and I thought we were safe after winning the Games. Always a catch isn't there?

The Macro Cauldron: A Recipe for Rebellion?

Apparently this brief moment of glory was thanks to some 'favorable ingredients' in what they call a 'macro cauldron.' Fancy words for softer inflation trade wars cooling down (though I wouldn't trust that for a second; politicians are politicians whether in Panem or… wherever this news comes from) and even a downgrade of U.S. debt. Who knew debt could be as dangerous as tracker jackers? People are looking for 'alternative stores of value,' they say. Like Bitcoin is the new mockingjay a symbol of something…different. I still prefer a good hunting bow though.

From Slump to Sprout: A Three Month Window?

Remember when Bitcoin was wallowing around $74,000? Felt like the dark days after the Quarter Quell didn't it? Now some folks believe a 'three month window' has opened for risky investments. As if betting on Bitcoin isn't risky enough! Maybe the Capitol will start investing in it too. Then we'll *really* know we're doomed. Peeta would probably make a beautiful cake shaped like a Bitcoin. I'd rather have bread.

ETF Inflows: More Sponsors for the Games?

These 'ETFs' – they sound like some kind of Capitol sponsored hovercraft – are tracking Bitcoin's price and apparently they've seen a flood of cash over $40 billion! It's like everyone's throwing money into the arena hoping their tribute wins. Except in this case the tribute is a digital coin. And there is no winner. There is only the Capitol...or something like that.

Regulation on the Horizon: New Rules for a New Arena?

Ah yes regulation. The Capitol loves its rules and it seems like these 'Senators' are catching on. They're trying to create a framework for 'stablecoins.' Sounds about as stable as my mental state after the Hunger Games. And President Trump wants crypto regulation on his desk. Because what's life without a little more control right? I swear some things never change.

Coinbase Joins the S&P 500: A Capitol Celebration?

Coinbase whatever that is joined the S&P 500. Wall Street is apparently thrilled calling it a 'watershed moment' for the crypto industry. Sounds like something Effie Trinket would say about the Reaping. All glitter and fanfare but what does it *really* mean for the people? I guess we'll see. But I'm not holding my breath. As Haymitch would say 'Just try to stay alive.'