28 Jan '13, 8pm

Chart Of The Day: Is The ECB Responsible For The Second Coming Of BitCoin?

Chart Of The Day: Is The ECB Responsible For The Second Coming Of BitCoin?

So one wonders: after soaring to an all time high of $30 before crashing concurrent with the epic May 1, 2011 takedown of silver , was none other than the European Central Bank responsible for the recent second coming of BitCoin which is now slowly but surely creeping back to its all time highs, and what happens to all alternative "virtual" currencies once BitCoin returns to all time highs: will the Fed, the ECB, and the BIS have their hands full with pushing gold lower to care too much about this electronic currency, or will their attention then be diverted away from the daily precious metals smackdown to focus on this threat that at least in Europe is so large, the ECB itself had to chime in?

Full article: http://www.zerohedge.com/news/2013-01-28/chart-day-ecb-re...

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