Bitcoin Blasts Off

Posted by Trace Mayer via The Financial Survival Network

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UnknownTrace Mayer has been in on the Bitcoin band wagon since its inception. He’s seen it go to $1200 and then back down to $187 and now it’s headed back up. A few days ago it was trading at nearly $800 and now it’s just below $700. What should you make of all this volatility? Is it just another example of China’s emergence and growing instability. Yes, but it’s also Bitcoin’s growing acceptance as a medium of exchange. And that perhaps is the most exciting aspect of the this emerging story. Perhaps we’re witnessing the birth of the world’s next reserve currency!

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