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Bitcoin Hits All-Time High After Comments From Bernanke

Monday, November 18, 2013 - 4:47 PM
The surge was likely fueled by comments submitted by Fed Chair Ben Bernanke voicing support for digital currencies.

Bitcoin Just Hit Another All-Time High - Business Insider
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ShorebreakShorebreak2,625 posts since
Apr 6, 2010
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1. Tuesday, November 19, 2013 - 5:46 AM
“The main reason Bitcoin has become big in China is because Chinese people are savers, and more people are seeing Bitcoin as a way to store and invest their money,” Linke Yang, the vice-president of BTC China, told Agence France-Presse on Friday at Bitcoin Singapore, a conference on the cryptocurrency.

There are other reasons. Last month, Baidu, an Internet company that operates the most popular search engine in China, began accepting bitcoins for some services offered by its subsidiary Jiasule. Also, Chinese people who chafe at strict government control of the yuan may see bitcoins as a way to speculate on currencies.

Why Regulate Bitcoin? : The New Yorker
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ShorebreakShorebreak2,625 posts since
Apr 6, 2010
Rep Points: 14,226
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