Post
Topic
Board Economics
Re: Why did bitcoin jump up in price so suddenly in the past 2 weeks?
by
JupeB
on 19/08/2012, 10:46:22 UTC
For the price of Bitcoin in USD to drop, someone had to dump a lot of Bitcoin on the market - what are the chances that it was BFL? They have suppliers, engineers, etc that need payment in government fiat, so when bills come due for their new project, they have to liquidate some of their Bitcoin holdings from the ASIC pre-order.