Bitcoin’s surging value could threaten central banks:

Bitcoin’s surging value could threaten central banks | Death and Taxes

Bitcoin’s surging value could threaten central banks:

More than the world’s religions, its central banks are sacrosanct. Which is why it’s crazy that Bloomberg is now reporting that they could actually be threatened by the surging value of Bitcoin , the up-start alternative currency started by hackers a couple years ago to make untraceable financial transactions. After an initial spike in interest the value of the Bitcoin dropped from a high of $29.58 to $2.14 in late 2011. But it has since recovered as it’s found more mainstream acceptance with more vendors accepting it for payment, and has bounced back to $16.37. It’s strengthened so much, in fact, that some financial experts are now getting worried that if it continues growing in popularity it could ultimately undermine central banks’ ability to manipulate the economy. Since Bitcoin is decentralized and unregulated, operating on pure supply and demand, it falls outside the...

Full article: http://www.deathandtaxesmag.com/193718/bitcoins-surging-v...

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@kevinkauzlaric » 29 Jan '13, 6pm
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@brenboo1 » 29 Jan '13, 5pm
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@Antiwar2 » 29 Jan '13, 5pm
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@BitcoinOz » 29 Jan '13, 3pm
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@jjmdirector » 28 Jan '13, 10pm
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@DeathAndTaxes » 28 Jan '13, 10pm
Bitcoin’s surging value could threaten central banks: [link]
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@R_Ryon » 29 Jan '13, 4pm
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@BitCoinReporter » 29 Jan '13, 7am
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