Bitcoins Go ParabolicSubmitted by emalvini on Wed, 04/03/2013 - 11:33
Bitcoins Go Parabolic
Submitted by Tyler Durden | 04/03/2013 | 10:30 -0400
In the last 48 hours, the price of the virtual currency has surged by 50% from $94 to $141 as the rate of expansion goes more than parabolic. This leaves us with the question, which line item on the Fed's Balance Sheet is 'Virtual Currency Transactions'... what better way to destroy an up and coming currency competitor than to blow a bubble in it and explode it?
That is a 14x rise since the start of the year...
Source: Bitcoin Charts