Comment Re:It'll crash once it hits $100K. [*] (Score 1) 36
Help me understand this: Say I buy UK Pounds with with US Dollars and let it sit in the account. Have I lost money?
Also, when we can buy stuff with bitcoin, why should we exchange bitcoin to USD? Can't I spend the bitcoin directly if the Seller is willing to take it as payment? Cue the houses being sold in London for bitcoin.
What do you mean cash out? The tickle of acceptance might fizzle out or.... turn into a tsunami in which case, the US Dollar might even become just one more currency used in the US.