http://blogs.marketwatch.com/cody/2015/01/15/why-the-currency-wars-are-likely-to-hit-the-stock-market/"I often write about how we’re living in a time of escalating currency wars. The Swiss National Bank just used their counterweight trebuchet to launch a projectile into the currency markets as they announced that they will no longer peg their Swiss franc to the euro at a set rate.
It isn’t often you see a chart of the U.S. dollar versus any other currency down 13% in an hour. Such is the case today with the U.S. dollar versus the Swiss franc. This kind of sudden dislocation in major global currency exchanges present a major challenge to the status quo. It creates confusion and stock markets don’t like confusion. Remember that it isn’t the direction of currency moves that matter as much as the speed and magnitude in which changes in those moves happen. And today, these intraday currency charts look more like weekly charts than the 1-hour charts they actually are."
"One last thought — all this analysis of government fiat currency wars underscores why some folks believe Bitcoin is a long-term game-changer. $BTC up 22% today, which is, well, just a little bit more than the Swiss franc. "
