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Posted on 04/11/2014 7:46:08 AM PDT by Errant
The price of bitcoin recovered from a low of roughly $380 and rose past $420 at press time on 11th April, on the news that Zhou Xiaochuan, the governor of the People’s Bank of China (PBOC), had issued new statements potentially clarifying the central bank’s position on bitcoin.
According to reports, during Boao Forum, Xiaochuan offered his opinion on the nascent technology, saying that China would not seek to ban bitcoin and other digital currencies entirely.
(Excerpt) Read more at coindesk.com ...
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I take it some of the decision makers or their cronies have their bitcoins invested and at risk...
Seems to be a lot of confusion or struggle over which way to proceed for sure. Striking how much China affects the price.
On again Off again... Capitalism Vs Communism, like the yellow dog fighting the brown dog, who wins? The one you feed the most.
Have you been keeping up on this?
Winklevoss Twins’ New Bitcoin ETF Matters
http://www.investopedia.com/articles/investing/041114/why-winklevoss-twins-new-bitcoin-etf-matters.asp
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