The Bitcoin Tracking Thread

[Ares]

I hate to say this but Horn and some others might be right about Bitcoin.

http://www.bloomberg.com/news/2013-1...-benefits.html

Considering that BTC if legitimate has the power to destroy the banking system, why on earth would they be promoting it?

I read the article, they really aren't promoting just giving the Senate committee guidelines on what it is. Even the Fed out of Chicago said it was innovative payment processing system.

My guess, and I'm just shooting in the dark here, my guess is that they are excited about the PROSPECTS of regulating and taxing it. Just like they have been with everything else. They see a 6 Billion dollar+ market cap, and are wondering how much of that they can take for themselves.