Bitcoin is trading today above Php400,000/coin on coins.ph

I awoke to notifications of another 5% jump in the price of bitcoin on the international market.  I checked coins.ph and saw a buy price above Php400,000!  Just a few days ago, I was able to covert some pesos at a rate just above Php300,000.00. 

I share in the sentiment that we will end the year somewhere around the Php500,000.00.  My simple understanding of Bitcoin is that it is at a point where it is being "born" and its true purpose and value is emerging.  Around the world, it is being used as a safe haven for value/assets.  The initial plan to have Bitcoin focus on transactions seems to have changed. The people behind Bitcoin now want it to be like gold. 

Current events illustrate this perfectly.  Just a yesterday, I read about (and heard on the news) political instability in Zimbabwe.  A decades long dictator, Mr. Mugabe, was placed under house arrest.  Notably, that Bicoin's price in Zimbabwe is soaring. Due to difficulty in forex, Bitcoin is a viable option to stash the cash - much like gold is in times of crisis.

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