
“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:
Goldman Sachs Buys Gold; Tells Public to Sell
Permissionless Innovation: Do you need government approval to invent?
Glenn Greenwald: Obama moves to make the War on Terror permanent
US regulator: Bitcoin exchanges must comply with money-laundering laws
The Developing Student Loan Crisis
California Elementary School Hosts Toy Gun Buyback, Fingerprinting Fair
Putin Laughs At Saudi Offer To Betray Syria In Exchange For "Huge" Arms Deal
(Surveillance) Times have Changed
Feds get in on 3D-printed firearm game
NSA/GCHQ: The HACIENDA Program for Internet Colonization
Health Canada Approves Heroin Maintenance
Feds to Hold Cell Carriers Responsible When Tower Climbers Fall
TX teen ostracized for protesting school GPS chip
D.C. Cop Charged With Production Of Child Pornography Found Dead
Here Come the Salt Police!