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The boom of Bitcoin: Digital currency goes viral

Posted on 09 April 2013

A new currency is taking the world by storm and has seen its value surge more than 1000 per cent from about $15 to nearly $170 since the beginning of 2013. Bitcoin is a decentralised, anonymous, digital-only currency that’s lately got a lot of public attention and sparked a trading frenzy.
Not managed like a typical currency, Bitcoin belongs to no particular country, is not minted on plastic, paper or metal and under the control of no central bank. And yet it has reportedly enabled a US citizen to buy Porsche Cayman last month!……………………………………….Full Article: Source


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VRS - who has written 36729 posts on Opalesque Commodities Briefing.


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