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Bitcoin Is Over $7,200!

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He also dismissed the idea, espoused by some die-hard bitcoin advocates, that the digital currency could be a rival to traditional government-controlled money.

“Eventually governments will take any action they need to prevent [that],” he said.

The good news for crypto-currency fans is that Bernanke, who helped steer the U.S. through the depths of the 2008 financial crisis, is not down on all digital money.

He praised Ripple, which provides blockchain software to banks and has its own native currency (known as XRP), for working with regulators.

Bernanke also acknowledged that blockchain technology, which relies on disparate computers to create a tamper-proof ledger of transactions, holds considerable promise for global banking systems.

http://fortune.com/2017/10/16/bitcoin-bernanke/

The Global Banking System. hmmmm.
 
Anyone holding BTC

holding btc.... it sure looks like a pullback is due ..... but ive sold enough not have to anything for 3 years .... litecoin looks interesting next year with atmomic swaps.

anything goes .....
 
It is a trap.

What is not a trap? Fiat?, stocks, bonds ..... precious metals ..... its capital flight man ... its a diversification play .... if this keeps up ..... it should push precious metals up eventually ....
 
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