Bitcoin is more or less stable above $10,600.00 after the weekend, I am betting on it being at around $12,000.00 by next weekend. The reasons given for this sudden rise in the price of Bitcoin are varied, like for example whales pumping the price for their own slfeish reasons, a hedge against Facebook's Libra coin, billionaires getting involved in the crypto fad and putting a lot of money in it.

All of these are sound reasons and very credible, but I think that one of the main reasons and one that is not talked about much is that many people rich or just with some spare money are being drawn into Bitcoin as a way to safeguard their money, right now the world is really in turmoil, we are seeing threats to world peace from all parts. And no, I don't think Trump is a real threat, he blusters a lot but I think he just goes to extremes with what he says expecting to get a better deal once he sits down to talk. Of course this works with countries that are reasonable and willing to take some bad mouthing, I don't know if this works with a theocracy like Iran.

But of course the problems are not just those that face the US there are serious problems in every continent, hell here in Honduras we are in really deep crap, so I think many people are searching for ways to put their money in a safe haven and better if that haven also gives them the opportunity to multiply it, and I think that with serious research a lot of people will find that Bitcoin is a good choice. Therefore the Bitcoin surge could be because people who previously had doubts about crypto are now willing to invest in it.