Today an anonymous user shifted 194,993 Bitcoins, worth $147 million dollars (measured by the BPI). However, the transaction was not an exchange for currency. Could this be the force behind todays gains?

Maybe, but lets think of this in reverse. Is this a move by someone or some entity to dump a large amount of BTC? If so can we expect a dramatic price correction? The next few days should be interesting to watch.

The transaction can be seen here: https://blockchain.info/tx/1c12443203a48f42cdf7b1acee5b4b1c1fedc144cb909a3bf5edbffafb0cd204

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.

via Readwrite

If you live in  Cyprus you can now pay for your college education in Bitcoin.

Now you can pay college tuition with BitcoinThe University of Nicosia in Cyprus today announced that it will accept payments from students in Bitcoin, making it the world’s first accredited university to do so. The move doesn’t come as a huge surprise, as the island nation of Cyprus has been closely linked with Bitcoin this year.

via Theverge