“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:
Historic 1oz gold coin goes for $4.6 million at auction
So Much Cool Science Happening In The Marijuana Industry These Days
Data, meet spies: The unfinished state of Web crypto
Commodities Dealer Accepting Bitcoin for Gold
The biggest factor in the platinum and palladium markets
Southern California Cities Further Reject Red Light Cameras
Thomas Sowell Exposes Dishonest Budgetary Scare Tactics, Cartoonists Mock Obama’s Hysteria
JFK and the Unspeakable: Why He Died and Why It Matters
The Top Russia-ETF Value Play
Ex-Monsanto employee involved in discrediting GM corn study
Future of Iran Deal In Hands of GOP Billionaire Iran Hawks
Mali to Ban Native Gold Mining ... Was Jim Willie Right About French Gold Seizures?
Bitcoin’s Potential Impact on the Global Gaming Industry
Federal Judge Removes U.S. Muslims from Constitution
FATCA System Fails Government Probe, Threatens Privacy