10 Apr '13, 4pm

Nobody Knows If Bitcoin Is A Bubble: It has become almost obligatory for mainstream journalists writing about

It has become almost obligatory for mainstream journalists writing about Bitcoin to describe the currency’s current value as a bubble. It’s widely assumed that the recent increase in the value of a bitcoin, from $13.50 at the start of the year to more than $250 today, must be the result of speculative excess. But I have yet to see anyone actually make the argument for this point of view. Lots of people have made arguments that Bitcoin is nothing but a fad, and that it’s value will be $0 in the long run. I think that view is incorrect but it’s not a crazy view—it’s one I held a couple of years ago. But I don’t know of anyone who has made a convincing argument that Bitcoins are worth something , but that the current price is too high. As I write this, the value of all outstanding Bitcoins is a bit less than $3 billion. Is that a big number or a small number? It’s a difficult...

Full article: http://www.forbes.com/sites/timothylee/2013/04/10/nobody-...

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Why Bitcoin is a Bubble via @thedailybeast

Why Bitcoin is a Bubble via @thedailybeast

thedailybeast.com 10 Apr '13, 7pm

Look at tax havens, which are starting to cave under pressure from countries with stricter banking laws. This has been a b...

@hblodget

@hblodget

businessinsider.com 09 Apr '13, 8pm

As Bitcoin prices charge ever higher, the same people who were dismissing Bitcoin as a "bubble" at $35 six weeks ago are n...

#Bitcoin

#Bitcoin

slate.com 09 Apr '13, 9pm

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BITCOIN $250

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Bitcoin

Bitcoin

money.cnn.com 12 Apr '13, 12pm

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