Canada's sinking loonie will push Bitcoin price higher

[jh7phone]

The Canadian loonie took a mighty tumble this afternoon as the Bank of Canada shocked the markets with a rate cut.

It dropped 2% in minutes as it fell to a low of 80 cents U.S. after having tumbled below the 82-cent mark just yesterday.

There's a bleaker outlook for CAD from the Bank of Canada over the coming weeks & 75 cents U.S. isn't completely out of the question after today's shocker.

[ronald98]

How's that going to push bitcoin price higher?

[Equus]

Do you mean that the ticker price at CaVirtex will be higher?

I don't think that my bitcoin holdings have quite hedged the drop in the value of my loonies this year.

[jh7phone]

How's that going to push bitcoin price higher?

The Dollar is sinking in value & Bitcoins are rising in value, why would you not leave something sinking to join something rising?

Do you mean that the ticker price at CaVirtex will be higher?

I don't think that my bitcoin holdings have quite hedged the drop in the value of my loonies this year.

Yes watch CaVirtex shoot up soon! My point is that with a "Lonnie" (a 75 cent Loonie) CAD is ripe for the taking! I would be investing in Canada if I was American, Bitcoin is a perfect way to do this.