The World Equity Index MC graph is stunning.
https://www.bloomberg.com/gadfly/articles/2017-12-04/98-750-067-000-000-reasons-to-be-scared-about-2018
I'm sure everyone's first instinct is a correction (20%+) is imminent.
I'm not so sure.
The USA no longer accuses China of being currency manipulators ... because all major economies are now. The rise in equity values is more about the debasing of fiat currencies, hence the rise in Bitcoin.
I don't see Bitcoin as the answer but while the World Equity Index is measured in fiat currency, both will keep rising. When the music stops, well who knows?
The world will keep turning and industry will go on. What is of value? Anything concerned with the new world economy and the electric revolution is a big part of that.
The World Equity Index MC graph is stunning....
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Last
$2.98 |
Change
-0.030(1.00%) |
Mkt cap ! $8.974B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.11 | $2.97 | $82.16M | 27.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 65571 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 7500 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |