Will Bitcoin stand?

Forgive the rather strange title of this post, but the question about Bitcoin is based on a horoscope cast by  astrologer William Lilly on March 11 1646, at 4.45 pm.  He asked a religious question, “If Presbytery shall stand?”  He wanted to know whether a particular approach to religion will persist in England.  His answer was a bit of a fudge, which perhaps reflected the fact that in 1646 England was a dangerous place, with a civil war between King and Parliament raging.

However Lilly was highlighting an approach to astrology.  You ask about something, that perhaps many people take for granted, and you want to know whether it will persist.  In the case of Presbytery, it was a religious issue, and therefore came under the auspices of the Ninth House.  The condition of the Ninth House and its ruler wasn’t great in this chart, which was why Lilly’s answer was fairly negative.

Turning to Bitcoin, I own no Bitcoin, and I have no intention of owning any.  My searching of the web, and reading magazine articles, would suggest that the consensus opinion is that Bitcoin is here to stay.  Indeed there are many people saying that one should continue to put money into Bitcoin, in spite of its high price.  So I got up on a Sunday morning, having talked to my brother about crypto-currencies the day before, and the question “Will Bitcoin stand?” popped into my head.  Will Bitcoin remain as a serious financial product?  Or is it something transitory?  I was not asking, by the way, about crypto-currencies in general, for example Ethereum.  My question was only about Bitcoin.  And I was not asking about whether its price would go up or down – I was asking whether it would stand, as a long-term store of value, rather than as a fad.

I set up a horoscope for the moment I asked myself the question, which was at 6.50 am on Sunday June 11 2017, in Washington State.  I briefly considered how I was going to deal with the question, and clearly it is a Second House matter – the Second House being connected with money.

The first question I had to ask was whether the chart could be judged.  Cancer was rising, Venus was the ruler of the planetary hour, and the two are in accord with each other, being cold and moist. This suggested that I could go ahead with the chart.   The Moon is ruler of the Ascendant, and she is not in great condition, being in Capricorn the sign of its detriment in the Seventh House.  The question is about enemies and opponents.  There are a lot of people who don’t want Bitcoin to stand, and at the same time, there is a lack of control.  When you invest in Bitcoin, you don’t really know what is going to happen… you just expect momentum to take it higher.  The Moon’s next aspect, its last aspect with a major planet before leaving Capricorn, is a square with Jupiter.  This suggests to me that Bitcoin has got a little further to run, especially as Jupiter is ruler of the Tenth House, of price.

I say price because in property questions, the Tenth House can give indications about whether a house is expensive or not.  The fact that Neptune, the planet of delusion, is conjunct the Tenth House cusp gives added information.  The public image of Bitcoin is shrouded in a mist of delusion, and there are probably unreal expectations about its price potential.

Going back to the Moon in the Seventh House, this may tell us that one issue that Bitcoin has is competition from other crypto-currencies, for example Etherium.  As I said, I wasn’t asking a question about crypto-currencies in general, but I had it in mind.  If you have a commodity such as gold or silver, you can’t undermine their value by magically creating another precious metal, but this is something you can do with crypto-currencies, and maybe this is something to consider.

Looking at the Second House, and the ruler is the Sun in Gemini in the Twelfth House.  This is Bitcoin.  I suppose the placement in Gemini has connotations with change and volatility, while the Twelfth House is about something hidden and devious.  Whatever is going on with Bitcoin, very few of us have the full picture.  And quite possibly there are dark forces at work.  The sun is approaching an opposition with Saturn in the Sixth House.  Saturn is a major malefic, which disposes of both the Moon in Capricorn and the Part of Fortune in Aquarius in the Eighth House.  My feeling is that Saturn will end the deal, and that Bitcoin will not stand.

As for timing, it is difficult to be precise.  The opposition is separated by four degrees, so the big event, which signals Bitcoin’s fall from grace, is four units apart.  It could be four days away, four weeks, four months or four years.  My hunch is four months, which would take us to October 2017, but four years would take us to 2021.  In six or seven years time, at the latest, I suspect people will be asking each other if they still remember the Bitcoin craze.  However I must emphasize that I am making a forecast about Bitcoin’s status, rather than its price.  Also, I am giving an opinion, and I may be wrong, and Bitcoin future may be long and rosy.  But personally, I doubt it.