Market Volatility and Bitcoin
Too Long; Didn't Read
<em>This piece was written </em><strong><em>August 8th, 2011</em></strong><em>. Now we hear that the Communist Chinese government is moving to greatly restrict Bitcoin in China, and exchanges there are going off line. In the long term, this is a large opportunity for a new market entrant to capture market share from China. In the short term, it is important to characterize this news correctly.</em>