“Bitcoin has more than doubled in the past 12 months, strengthening to $16.37 from $5.88.”
“Greater demand for virtual currencies could have a negative impact on the reputation of central banks, according to a report published by the European Central Bank in October last year.”
“Steve Hanke, a professor at Johns Hopkins University in Baltimore who helped to establish new currency regimes in countries such as Argentina and Bulgaria [said about Bitcoin] ‘I think it’s a competitive threat. Maybe virtual currencies will be so convenient that they will pose a threat because of their ease of use.’”
- http://i.imgur.com/AMLYAXs.png (CHART OF THE DAY)
- http://bit.ly/VjfyKM (Related post on ZeroHedge about the COTD)
- http://bitcointalk.org/index.php?topic=139515.0 (Further discussion of the Bloomberg article)
- http://bitcointalk.org/index.php?topic=139552.0 (Further discussion of the ZeroHedge post)
Bloomberg TV’s correspondent and foreign exchange expert Sara Eisen (@SaraEisenFX) provides an update on Bitcoin for the Market Makers global audience.