To make up for lost time, I'll re-use the technique last seen in Bitcoin in the News : 2019-04 More++, where I focused on stories from Forbes.com. For June, I counted 21 Forbes stories, many of them about the impressive rise in price for the month. Of those 21 stories, I selected 10 for this post.
- 2019-05-31: The Bitcoin Price Has Skyrocketed Over The Past Month For These 3 Reasons • '1. China and U.S. Trade War; 2. 2019 Consensus conference; 3. Brokerages Offering Bitcoin to Retail Customers in 2019'
- 2019-06-04: Bitcoin Plunged Below $8,000 -- Did This Cause The Sudden Price Drop? • 'someone dumped 25,000 bitcoin for $215 million and bought it back shortly after for $200 million'
- 2019-06-04: Bitcoin Rallied In May As Tweet Volume Hit 8-Month High
- 2019-06-06: Facebook's Radical Bitcoin-Beating Cryptocurrency Plans Revealed
- 2019-06-11: How Bitcoin Is Taxed
- 2019-06-13: IRS Agent Who Took Down 'Silk Road' Turns His Attention To Recreational Bitcoin Investors
- 2019-06-14: Bitcoin 'Supply Shock' Is Looming, Warns Venture Capitalist • 'heading for a "supply shock" thanks to next year's closely watched bitcoin halvening [halving]'
- 2019-06-17: Bitcoin Prices Have Tripled Since December -- What's Next?
- 2019-06-18: Bitcoin Is Up 145% YTD, What Does This Mean?
- 2019-06-26: Bitcoin Breaks Through $13,000 As Rally Continues
The first story dated 2019-06-04 sounds like market manipulation. The two stories dated 2019-06-17 and 2019-06-18 sound inconsistent until you realize they are measuring the price rise from a different base. The story dated 2019-06-06 mentions a 'Facebook project codenamed Libra'. For a more in-depth look, here are two stories from a stalwart of the monthly 'Price' posts:-
- 2019-06-13: Project Libra: What We Know About Facebook’s Forthcoming Cryptocurrency (cointelegraph.com)
- 2019-06-20: What Is Libra? Breaking Down Facebook’s New Digital Currency (ditto)
As for stories from other sources, there was nothing so compelling that I absolutely had to mention it.
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