Bitcoin on a surge, well over 11,000 USD now

Hold on to the cryptocurrency obituaries for the time being, BTC has surged 2,000 USD in the past few hours

Just a heads up, its just before 7am in South Korea. I expect the party poopers from the finance ministry are rolling out of bed right about now and may well have some comments coming up soon.

Check this out from yesterday on why that could be relevant

• Its morning in Asia - why that's important to Bitcoin traders

And, its not just South Korea, this from China yesterday too:

• China Securities Times - China to launch further crackdown on cryptocurrencies

So, if you check those out you'll see how the 'no government' interference in bitcoin and its fellow cryptos is a myth .... and here is me busting a few more:

• Here are 3 reasons Bitcoin (& cryptos) surged. Same 3 explain why they have collapsed.