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Old April 13th, 2013, 04:02 PM   #104
BlooMule
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However, some conservative investors, including Tom Dyson, remained skeptical especially after Bitcoin surged from $190 to $266 in less than a week. It appeared that the currency’s price was becoming increasingly overvalued as a result of hoarding by speculators and short-term traders. A few saw signs of a massive bubble ready to burst, and some grew weary when the U.S. Treasury announced in March it would explore new laws to regulate Bitcoin.

What’s in store for Bitcoin in the future? It appears governments around the world are ready to step in.
Told ya so.

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Originally Posted by BlooMule View Post
It appears that the bitcoin originated as a marker for a barter system, much like most currencies.

Problem is the 'nontaxable' part of it. You can bet that if the government cannot figure out a way to get their cut, they will work to shut it down.
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