“Old timer Richard Russell thinks we are just at the beginning of the exciting third stage of a market bubble…the fireworks stage…where prices skyrocket, before blowing up. Who knows? So let’s change the subject…to Bitcoin. Nobody knows anything about Bitcoin either, but everybody seems to have an opinion. Most innovations fail. But some don’t. We’re not saying that Bitcoin will be one of the successes. It could crash and die tomorrow for all we know. But the promise of virtual money…cryptocurrencies…is, like the telephone, revolutionary.”
http://www.bonnerandpartners.com/the-cryptocurrency-revolution/
Related posts:
Ron Paul: Immigration 'Reform' Will Turn the US into a Police State
"Tax Justice” Report Provides Renewed Justification for Offshore Crackdown
Reckless Frenemy Saudi Arabia Makes World More Dangerous for America
What happened in West, Texas?
Fred Reed: Ain't Nobody Gonna Like It
Eric Margolis: Are We Becoming What We Once Hated?
Doug Casey on Syria and the Global RoboCop
Bill Bonner: The Japanese Will Learn to Tango
Kerry becomes first war casualty
Central Banking: Sterile as the Grave
What five beers account for most emergency room visits?
Paul Craig Roberts: Assault On Gold Update
Dotcom Bites Back
Feds' misconduct in Cliven Bundy case stems from Ruby Ridge
They Think You’re Naïve…