The Daily Reckoning’s managing editor Joel Bowman considers the motives and the efficacy of the recent accusation Senators Schumer and Manchin have leveled against Bitcoin:
“Now that the pair [of senators] have their straw man, we can be sure it will be used as a pretense to attack free-market currencies themselves. Stay tuned as the story unfolds on that front…”
“For now, we wonder what users of bitcoin are to do now that the self-appointed invigilators of free market activity are on their case? Well, for the past few weeks at least, they’ve been rejoicing. The currency has almost quadrupled in value since the Silk Road issue came to the fore.”