Bitcoin has pulled back a bit. It was over $70,000 and now it is trading for around $57,000. It appears as if this is largely due to the Mt. Gox payout and selling by the German government. There are likely other factors to this drop as well but those are the two big ones that people have been talking about.

I believe that this is just a temporary drop. Volatility with Bitcoin and cryptos in general is just something that has to be expected.

I am a long term holder of Bitcoin as I am a long term holder of gold, silver and GameStop (GME). I also got some gold and silver mining stocks. Oh yeah and I also own some real estate.

This is not financial advice. I am an anti-Semite and racist Nazi who bases my financial decisions solely based on what is worst for Jews.