Bitcoin Mania Bypasses Las Vegas
Here in 2017 Vegas there is no talk of Bitcoin. I heard someone mention it once. A young lady asked an incumbent city councilman at his fundraiser what he thought of the crypto-currency....he had no idea what she was asking about.
Seems like yesterday it was October 2013 and I was a speaker at Cryptocurrencycon and Bitcoin was going for $121.14. As I write, its trading over $2,700.
That was an eventful month as Wikipedia chronicles. "In October 2013, the FBI seized roughly 26,000 BTC from website Silk Road during the arrest of alleged owner Ross William Ulbricht.Two companies, Robocoin and Bitcoiniacs launched the world's first bitcoin ATM on 29 October 2013 in Vancouver, BC, Canada, allowing clients to sell or purchase bitcoin currency at a downtown coffee shop. Chinese internet giant Baidu had allowed clients of website security services to pay with bitcoins."
Today, Forbes reports "For the last nine months, the Bitcoin rally that took the digital currency from a few hundred dollars to close to $3000 had all the elements of a bubble that has yet to turn into a mania before it bursts."
"It is a true disruptor and true innovation in money," investing legend Bill Miller told CNBC. "We haven't seen that in thousands of years."
By the looks of it, there is plenty of disputing left to do.
