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Why Bitcoin Excitement is Staying Higher After Crash

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Bitcoin Crash Excitement

After the Bitcoin Crash

Although Bitcoin crashed hard last month, there are reasons to keep excited about Bitcoin, as GigaOm reports:

  • Bitcoin is becoming more liquid

Gift card site Gyft has started accepting Bitcoin as payment.

  • Real investors are starting to take Bitcoin seriously

This week, the WSJ reported that Fred Wilson’s Union Square Ventures is investing $5 million in Coinbase, a service that provides an online wallet and easy conversion between BitCoin and traditional currencies.

  • Bitcoin is getting easier to understand

Forbes reporter Kash Hill kept a day to day diary of how she lived on BitCoin (albeit with difficulty) in San Francisco for a week.

  • The government wants a piece of Bitcoin

 Commissioner Bart Chilton of the CFTC — the agency that regulates futures contracts  – says he’s thinking of regulating BitCoin.

 

Read the full report at GigaOm.

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