Tell Karl his brother is dead wrote:The FT ran with this yesterday:
Of course, it could well be about to 'burst' or 'correct' in the next few weeks. But, I think it's perhaps the time of the year hasn't helped matters. I don't think we'll see as big of a correction as that graph shows, but who knows?
I think we're seeing people take profits out of BTC and placed them into ETH/LTC/BTCC etc. And know we're seeing people take profits out of those and into the 'emerging' coins like Ripple/Stellar etc.
I'd also argue that the FT and the financial community has a vested interest in keeping crypto down, so you got to keep a balanced view of it.