Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker
by
losangeles
on 21/03/2013, 06:10:52 UTC
continuing off-topic.. the attention on bitcoin from the Cyprus news and FinCEN has probably gotten to a few ultra-high net worth people.  someone bought $1mil in coin today, and let's remember there are hundreds of people in the world for whom $1mil is a very small percentage of their savings.  hundreds of people for whom $1mil is less of their savings than $1,000 is to you.  the impact on price is obvious.

but the peas coming along with that carrot is that with such high net worth people into bitcoin, it will become more legitimate in some ways.  certainly there would be more legal hoops to jump through if a government wanted to outlaw something which some rich guy's lawyers on retainer will be paid to defend.  still not exactly a "robust economy," but value in being an alternative to traditional banking.