Salt Lick Outperforms Bitcoin for 3rd Straight Month
After hitting its 5 year low in early 2018, due to socio-economic factors and being hit by a devastating earthquake, Salt Lick has since outpaced its rival Bitcoin for the third straight month. While Bitcoin and other cryptocurrencies have declined by about 70% this year, Salt Lick continues to make gains over last year’s numbers, up 4%, 10%, and 25% in the last three months, respectively. The precipitous fall of Bitcoin and other cryptocurrencies seems to directly coincide with the sudden unbridled enthusiasm of a small group of expat hobby investors from the small town of Hualien, on Taiwan’s east coast. The fervor of one particular resident, known only as GJ, prompted one local pundit and restaurant owner to correctly predict that the Bitcoin bubble was, in fact, about to burst.