MURICO.com Forum

Bitcoins are - - -

holding above $10,000. Earlier today when they were flirting with $11,500 a lot of selling developed and the price did a flash-crash below $8,600.

CME is working to develop bitcoin futures and options trading before the end of the year.

The rise of bitcoin has been most amazing. Ten thousand bought two pizzas on 5/23/10. On 12/31/16 they were priced at $947.50 and now the quote is $10,340.00 after having touched a high of $11,485.00 today.

Are we witnessing a disruptive innovation that is going to change the way value is exchanged from one party to another or is this the greatest bubble since the Tulip Bubble of the 1630s? My vote is that this is indeed a disruptive innovation that will gore someones ox!

Best wishes,

dhm