For the time being, any Mt.Gox assault by either/and US/Japanese authorities WILL pose a major setback to BTC. As long as it lasts, I know, but IT WILL. There is simply NO way ordinary people are going to adopt BTC when exchanges are either unreliable, filing fraudulent bank enrollment forms, closing after some months, etc. etc.
One thing is for sure, we'll know how much control government's can exercise over the future of bitcoin.
When this news broke last night we were in the midst of a little correction, about 115 to 100ish. But as it was being discussed and until now, the price has stablised with a positive bias.
This is a great event for BTC as it will display exactly how much 'they' cannot fuck with 'us'
I'm holding half
