libertyblitzkrieg.com / By Michael Krieger /
Bitcoin. Controversial. Game changing. Complicated yet simple. While most of my non fiat money is in precious metals, there’s a lot I love about Bitcoin. The dramatic rise and subsequent crash that Bitcoin experienced in 2011 occurred well before I possessed my first unit of this crypto-currency. Since then, it has recovered dramatically and at $19.65 last check is up almost 4x since the end of 2011.
Bloomberg published an article on Bitcoin a few days ago titled: Bitcoin’s Gains May Fuel Central Bank Concerns: Chart of the Day. Here are a few excerpts:
An increase in the value of bitcoin, the world’s largest online currency, may fuel concerns that virtual money could undermine the role of central banks.