Economics @ ITT

BitCoin Plunges Following US Government Seizure Of Silk Road Website

Posted in economics by ittecon on October 2, 2013

That the US government would crack down on BitCoin and all affiliated services should not be surprising and is happening just as we warned it would back in March when we first charted the initial ramp of BitCoin. This move was especially inevitable considering none other than the ECB “warned” in November of 2012 against virtual currency Ponzi schemes though it has no problem with fiat equivalents.

via BitCoin Plunges Following US Government Seizure Of Silk Road Website | Zero Hedge.

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