Bitcoin is Gaining Credibility…and Fast!
The number of financial commentators and investment managers commenting on Bitcoin has grown substantially over the last few months. That mere fact is giving credibility to the virtual currency.
For the concept to take hold and sustain the market needs that credibility. If you aren’t convinced of that credibility perhaps you might take a gander at the Bitcoin smartphone apps now available. Bitcoin is now seemingly everywhere. The sheer number of headlines on major financial site results in more and more people buying into the story. It is spreading like wildfire and likely to spread even more in 2014.
Now, regulators are picking up on the interest in Bitcoin, watching closely to make sure there are no shenanigans going on in this new virtual currency. Put it all together and the credibility for Bitcoin use is growing by the minute. That growth is sure to result in more buyers and investors jumping on board.