Confidently Declares ‘The Virtual Currency Is Here To Stay’
It was just a few short months ago that the mainstream financial media was decidedly anti-Bitcoin. Stories were awash that Bitcoin was merely a bubble like the Tulip Mania – or worse still – that Bitcoin was an illegal Ponzi Scheme. In spite of all the negative press, the Bitcoin phenomenon continued its exponential growth. The mainstream financial media were unable to derail the Bitcoin revolution.
Fast forward a few months and reality is forcing the mainstream financial press to concede that “Bitcoin is here to stay,” a statement that we here at Bitcoin News and our parent Planet Bitcoin have been saying for quite some time.
MSN Money has not only conceded that the virtual currency cannot be terminated, it has deemed Bitcoin to be the hottest investment of the coming year.
We couldn’t agree more.
From MSN Money:
“The virtual currency is here to stay and can make you money. Here are 3 reasons it’s gaining fast.
The hottest investment in 2014 will be the virtual currency Bitcoin.
Take it to the bank. In fact, I wouldn’t be surprised if Bitcoin doubles in value or more next year.
Sure there are those who say it’s nonsense, that Bitcoin is a raging bubble not unlike the “tulip craze” of the 1630s. Blah, blah, blah.
It is not. In fact, it is far from it. Bitcoin is not only here to stay, it is something that if you get in now can make you rich. It is simply the most exciting financial story to come along since the dot-com boom.
I know what you are thinking. The dot-com boom ended in disaster. Indeed, it did. The dot-com boom was indeed a bubble. But before that bubble popped there were many that profited handsomely and did so over a long period of time before the implosion.
Exactly the same thing is going to happen with Bitcoin. Yes, the story will end, perhaps even badly, but before that occurs you have what I consider to be one of the best investment opportunities of 2014.
Bitcoin is not even close to being the same as the Dutch tulip craze. Here are the reasons:
Bitcoin is gaining credibility, and fast
The number of financial commentators and investment managers commenting on Bitcoin has grown substantially over the last few months. That mere fact is giving credibility to the virtual currency.
For the concept to take hold and sustain the market needs that credibility. If you aren’t convinced of that credibility, perhaps you might take a gander at the Bitcoin smartphone apps now available. Bitcoin is seemingly everywhere. The sheer number of headlines on major financial site results in more and more people buying into the story. It is spreading like wildfire and likely to spread even more in 2014.”
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