Yesterday Bitcoin for those that dont know had reached $900 FRN(Federal Reserve Notes) in just a short amount of time and it proving itself to be just as valuable as gold but the sad part is that it didnt close at 900 FRNs. The recent rise in the value of bitcoins is probably has to due with the Sentae hearing on that status of bitcoins in the US. In the article cited at the end it stated that even Bernake himself sees the cyrpto-currency as promising currency which would hopefully make him tell Janet Yellen to back the dollar with silver or gold rather than just increase the amount of quantitative easing because as we all know it hasn't work and it will never work. Bitcoins in the coming years will pave the way for anarchy in currency and and prove that we dont need no central banker or government to decide what kind of money we can use and perhaps maybe a key way to uplift people out of poverty.
http://www.geekwire.com/2013/bitcoin-surges-alltime-high-800-government-discusses-legitimacy-digital-currency/
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