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Bitcoin

+ - Mt. Gox Enters US as Bitcoin Trades at an all time high of $32-> 1

Submitted by hypnosec
hypnosec (2231454) writes "Bitcoin prices have reached a new high of $32 after world’s biggest Bitcoin exchange, Mt. Gox, announced that they closed a deal with CoinLab to handle its United States operations. Mt. Gox was trying to enter the US for quite some time now and having finally managed to partner with a Silicon Valley Bank partner and VC funded company – CoinLab, things are definitely looking good for Bitcoin’s future."
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Mt. Gox Enters US as Bitcoin Trades at an all time high of $32

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  • I checked MtgoxLive for more info.

    I'm so happy I bought at the right time. Let's hope that whoever buys now also gets to make a handy profit. I have reason to believe that will be true:

    If I recall correctly, each bitcoin is "equivalent" to about 400 ounces of gold right now (from a scarcity comparison standpoint), and in its final 21mill form, will be "equivalent" to 225 ounces.

    If we assume people start using Bitcoin as a store of value like gold or silver (ambitious, but not as ambitious as e.g

He: Let's end it all, bequeathin' our brains to science. She: What?!? Science got enough trouble with their OWN brains. -- Walt Kelly

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