The Bitcoin Bubble

Very interesting take on Bitcoin as an asset vs. a currency: “Bitcoin is less like the dollar and more like gold—an investment asset more than a transactional currency.”

Further, “The Chinese have the right idea. They’re stockpiling it the way you’d store value in gold, real estate, equity, or stocks. They see it as another asset class.”

And  this makes sense as we watch the skyrocketing value of Bitcoin in 2013.

Read more here:

What The Bitcoin Bubble Really Says About The CryptocurrencyBack in October, I bought $20 worth of Bitcoin for a ReadWrite article. Since then, I’ve watched my meager 0.119 coins soar in value. When my stash peaked at $71 this week, I determined to sell out. I settled on buying a gift card from Gyft.com, which handles Bitcoin payments through BitPay.

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