Bitcoin, the long term Global Currency Sytem, cleared a Major regulatory hurdle when the US Senate gave tacit approval to the system, and immediately the US Treasury and US Secret Service took on the currency as an ongoing "Currency Watch" in their respective systems.
On the news - it rocketed to $1000+ per Bitcoin. Its now so far ahead of its other rivals to be the new long term World Currency, there is now little doubt that Bitcoin will be the Core Single World Global Currency and the backbone to the World's Core Financial systems on a 30-50 year view.
It was $5-15 a Coin end last year, the fixed number of 21million Bitcoin that run the system are now $1000+ per coin, and they are projected to reach $3000 a coin before it starts to settle in its early pre-implementation stage valuing the fixed number of 21million Bitcoins at $7Billion. Current estimates are that those core coin will rise another 100 times, valuing all the core Coins at $700Billion, and each coin being worth $300,000 in the long term on a 30-50 year view as the system slowly gets adopted.
Our grandchildren will see the start of the new Global currency system, our great-grandchildren will use it as second nature.
Interesting times
There is now little to stop it becoming the common Global Currency on a 50 year view. Search on "Bitcoin" for other articles etc etc - make sure you note the article's origination date to keep things in context as you search more.
http://www.nbcnews.com/business/virtual ... 2D11663468
Senate Approves Bitcoin - Rockets to $1000+ per Bitcoin
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