Why Bitcoin Boomed During the Government Shutdown | Motherboard

1DiBU3CwhKWoxqk39nb2Poc1uRaNR2h7C9

The shutdown of Silk Road was expected to negatively impact Bitcoin, but instead, the government shutdown and looming debt ceiling crisis only served to heighten demand for a virtual currency that is not subject to the instability of any political system. Governments have also appeared less likely to outlaw bitcoin in recent times, and with numerous alternatives to Silk Road appearing, the future of the virtual currency looks bright.

Read the full article here:
Why Bitcoin Boomed During the Government Shutdown | Motherboard

Add new comment

Filtered HTML

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <blockquote> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
By submitting this form, you accept the Mollom privacy policy.