Welcome to the Slashdot Beta site -- learn more here. Use the link in the footer or click here to return to the Classic version of Slashdot.

Thank you!

Before you choose to head back to the Classic look of the site, we'd appreciate it if you share your thoughts on the Beta; your feedback is what drives our ongoing development.

Beta is different and we value you taking the time to try it out. Please take a look at the changes we've made in Beta and  learn more about it. Thanks for reading, and for making the site better!

Mt. Gox Enters US as Bitcoin Trades at an all time high of $32

hypnosec (2231454) writes | about a year and a half ago

Bitcoin 1

hypnosec (2231454) writes "Bitcoin prices have reached a new high of $32 after world’s biggest Bitcoin exchange, Mt. Gox, announced that they closed a deal with CoinLab to handle its United States operations. Mt. Gox was trying to enter the US for quite some time now and having finally managed to partner with a Silicon Valley Bank partner and VC funded company – CoinLab, things are definitely looking good for Bitcoin’s future."
Link to Original Source

Sorry! There are no comments related to the filter you selected.

it's at 34 dollars right now (1)

Rudd-O (20139) | about a year and a half ago | (#43037885)

I checked MtgoxLive for more info.

I'm so happy I bought at the right time.   Let's hope that whoever buys now also gets to make a handy profit. I have reason to believe that will be true:

If I recall correctly, each bitcoin is "equivalent" to about 400 ounces of gold right now (from a scarcity comparison standpoint), and in its final 21mill form, will be "equivalent" to 225 ounces.

If we assume people start using Bitcoin as a store of value like gold or silver (ambitious, but not as ambitious as e.g. becoming the preferred transaction currency), its scarcity as compared to gold gives a very good idea of what prices it might end up reaching. We're talking possibly millions of dollars per coin, in today's dollars of course.

This means that buyers today still have a chance to make a killing. That'd be fantastic for them.
Check for New Comments
Slashdot Login

Need an Account?

Forgot your password?