
“At a $400 exchange rate and a $4.6 billion market cap, Bitcoin is booming. More skeptics, cheerleaders, and curious potential investors are talking about it than ever before. As the world wonders why it’s doing so well, the peer-to-peer currency is on pace to hit two major milestones in the near future. Bitcoin’s market cap, which is more than double what it was just three weeks ago, is on pace to hit $5 billion around the time bitcoins hit $417, based on the current bitcoin count. As time passes and more bitcoins are mined, that magic number will go down. In Germany, a party is being planned in Frankfurt for the day bitcoin hits $1,000.”
http://www.dailydot.com/business/bitcoin-boom-500-market-cap-5-billion/
Related posts:
The EU Eats Itself
Study: Depenalizing Drug Possession Associated With Lower Youth Drug Consumption
Georgia Court Smacks Down Police Argument That Traffic Stop Was 'Voluntary'
Samsung data center fire causes outage, errors on smart TVs, phones
Amnesty International Sells Out
Japanese Police Shut Down Protest at Mt. Gox
The Michael Hastings Wreck: Video Evidence Only Deepens The Mystery
A Purse Snatching Led to the Legal Justification for NSA Domestic Spying
Shock: Federal Reserve Official Calls for End of Fed, Competing Currencies
An American Energy Revolution
Gold in them bits: Inside the world’s most mysterious Bitcoin mining company
Out of Top 100 News Outlets, Not a Single One Questioned Syrian Attack
Small government promoter Rick Perry sends Texas $2.6 million bill for promotional travel
Debate On Oklahoma Medical Marijuana Bill Continues
Bitcoin Revolution Spreads to Togo