1. 13:22 28th Jan 2013

    Notes: 9

    Tags: bitcoinbitcoinschart of the daycotdbloombergzerohedgeSteve Hankeecbcentral bankmaxraskinmax raskin

    Bloomberg CHART OF THE DAY - Bitcoin

    Today’s CHART OF THE DAY covers Bitcoin’s increase in the exchange rate.  Excerpts from a corresponding article by Max Raskin (@MaxRaskin) on Bloomberg:

    “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://bloom.bg/WIzQOZ
     - 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)

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      Bitcoins myself,...well as running my own miner. I hope
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      Today’s CHART OF THE DAY covers Bitcoin’s increase in the exchange rate. Excerpts from a corresponding article by Max...
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