Bitcoin was at or above $11,000 yesterday and earlier today. Since January 2019, Bitcoin has almost tripled again already after having an enormous correction with multiple crashes in 2018. What a rally! The chart has basically gone parabolic (again) recently! Props to Dr. Marc Faber of the Gloom Boom Doom Report https://www.gloomboomdoom.com/ for recommending Bitcoin as a speculation for his paid newsletter subscribers in January 2019. In this short video, Jason talks about the Bitcoin chart, and potentially the global macro factors, especially China, that may be driving the Bitcoin price a lot higher. Jason talks about how many Chinese may be worried about a major RMB devaluation coming up soon and how some Chinese with large amounts of RMB may be using Bitcoin to get around China's strict capital controls. 1) Bitcoin Is All About Chinese Capital Flight https://www.forbes.com/sites/bryanrich/2019/05/14/bitcoin-is-all-about-chinese-capital-flight 2) China Has Lots of Policy Room If Trade War Worsens, PBOC Chief Says https://www.bloomberg.com/news/articles/2019-06-07/china-has-lots-of-policy-room-if-trade-war-worsens-yi-gang-says Jason also talks about the Bitcoin halving including what is the Bitcoin Halving and when will it happen again next? 1) Bitcoin Halving – A Beginner’s Guide https://99bitcoins.com/bitcoin-mining/halving/#next-halving 2) https://www.bitcoinclock.com/ 3) https://bitcoinblockhalf.com/ Jason does not think that the next Bitcoin halving is being priced into Bitcoin prices yet as it's not projected until around May 2020. So that's almost a year away and far too soon to be priced in yet in Jason's opinion. Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 51 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**