BITCOIN KEEPS ON GROWING

Updated: 11/22/2013 14:25
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As the hearings on Bitcoin in the Senate started the price for Bitcoin units increased greatly. Two days ago 1 Bitcoin cost $900. The exchange rate of...

As the hearings on Bitcoin in the Senate started the price for Bitcoin units increased greatly. Two days ago 1 Bitcoin cost $900. The exchange rate of Bitcoin today is about $600. What is really amazing is the fact that instead of expected concerns many participants of the hearings have shown their positive attitude concerning the fact of joining the e-currency to the national U.S. payment industry.

The head of Federal Reserve System, Mr. Ben S. Bernanke was one of those supporting the process of Bitcoin legalization. On his opinion we should not be afraid of the Bitcoin e-currency being involved in any money-laundering processes, we should fight it instead. Some officials from the U.S. Treasury have also supported the legalization process of Bitcoin. To tell the truth they have been active supporters of Bitcoin regulative work for quite a long time.

Obviously, taking into account the results of the hearings in the Senate, we can expect active support of the Bitcoin on the governmental level in the U.S. Quite possible that U.S. will certify the Bitcoin as one of the national e-currencies. As Mr. Bernanke says the cheap alternative for the current system of international transfers in the USA can be very perspective. The official authorities are planning to keep an eye on the system development. Perhaps some more news about Bitcoin and its legalization will be published.

Let us remind you that after the statements Bernanke made the price of Bitcoin got $200 higher, reaching the mark of $785. Quite recently, at the same time, one Bitcoin cost $13(!) and in the year 2010 - $1. The total amount of all Bitcoin units in operation is about 8 billion USD.

Bitcoin


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