The dangerous provocations between North Korea and the United States haven’t yet escalated enough to rattle financial markets. The U.S. stock market notched another new record high last week, helping to blunt safe-haven demand for gold and silver.

The North Korea situation is, however, causing political reverberations in the crytpo-currency markets. Following China’s recent crackdown on crytpo-currency exchanges, U.S. officials may be gearing up for a regulatory attack on Bitcoin as part of an economic sanctions package.

Enter Massachusetts Senator Ed Markey (D). In an interview on CNN last Friday, Markey said, “The only answer is to go to final sanctions on the North Koreans… The crypto-currency Bitcoin, which they are using to supply funding to their economy – all of it should be shut off.”

It’s hard to believe the r ... Read more »