Bitcoin - The song has ended...

Interesting that the crypto-currency mania 'took off' at about the same time that a few people identified a structural shortage in the available physical Gold supply in London.

 

Also interesting is the fact that about 40% of crypto-currency is owned by 1,000 people.

- Large holders of anything have a great opportunity (especially in an unregulated market) to orchestrate price movements. This always end badly...for the retail traders.

 

To quote Irving Berlin:

      "The song has ended, but the melody lingers on."