5 Most Cringeworthy Theories for the Bitcoin Price Surge

By CCN: The bitcoin price moves in mysterious ways. Many theories have been put forth in an attempt to explain its meteoric rise this week. From the alignment of the contents of the solar system, to the magic touch of Justin Sun, here are the five most cringeworthy.

1. The Stars Aligned. Literally.

According to noted blockchain analyst and author David Gerard, the celestial bodies may be responsible for Bitcoin’s surge. The author of “Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum and Smart Contracts,” recently tweeted:

“The important thing about the Bitcoin price is that both Makemake and Haumea are in Libra right now. Obviously.”

I’m sure I don’t need to tell any of you that Makemake and Haumea are dwarf planets. Whenever they cross through the path of Libra, it lowers the inhibitions of cryptocurrency speculators, thus resulting in the recent Bitcoin price surge. Keep an eye out next month when Quaoar and Sedna pass through Gemini.

trans-neptunian objects
trans-neptunian objects

Seems like the stars have aligned for the crypto market. | Source: Wikimedia Commons

Gerard was joking, of course. But the funny thing is, he might not even be responsible for the most cringeworthy reason on this list.

Read the full story on CCN.com.