03 Apr '13, 1pm

I'm Raising My Bitcoin Price Target To $400

I'm Raising My Bitcoin Price Target To $400

A good underlying story. If you don't know why some intelligent folks are excited about the Bitcoin concept, you should take the time to understand. Bitcoin is a new form of currency that is accepted worldwide and can never be debased by politicians trying to get re-elected or countries trying to pay off huge debts. In a world in which the value of paper money is constantly ravaged by inflation, that's a very attractive attribute. Also, the world is very much ready for a "global" currency--a currency that all things in all countries can be denominated in. Bitcoin satisfies that need, too. And barring hacks, etc., it's safer and easier than carrying around sacks of cash. And so on. A sexy "new-ness" that requires some work to understand. Right now, some smart people have analyzed Bitcoin and found it compelling and fascinating. Most normal people, however--to the extent tha...

Full article: http://www.businessinsider.com/im-raising-my-bitcoin-pric...

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