“According to Nicholas Colas, chief market strategist at ConvergEx, two key drivers are behind bitcoin’s recent move. The first is increased demand from China. Big companies there, including the search giant Baidu.com, accept bitcoins for payment. The second is the strong demand for SecondMarket’s recently launched the Bitcoin Investment Trust. SecondMarket CEO Barry Silbert acknowledged that demand for the trust is running ahead of schedule. It has taken in $15 million from institutional and high-net-worth investors, exceeding the year-end goal of $10 million, he said.”
http://www.cnbc.com/id/101176614
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