You are here

Which Comes First - Dow 20k Or $1000 Bitcoin?

For 10 straight days, progonosticators have promised that the Dow Jones Industrial Average will break gloriously above 20,000 for the first time in history, proving how great the economy must be (or will be) and leading investors to the next secular bull leg of this miracle of wall street.

So far it hasn't happened... (Dow +11.75% post-Trump)

 

But halfway around the world, Chinese fears (of capital controls and devaluation) have sparked an exodus into alternative currencies - most notably Bitcoin as it soars towards $1000. (BTC +42% post-Trump)

 

So which comes first - the greed of Dow 20,000 or the fear of $1000 Bitcoin?