bitcoin, page-26

As expected, the story is picked up by the press today, The Australian.

I've been following the bitcoin story for a while, and when Mt Gox hit the wall a few weeks ago, I thought that it would be a live or die test.

It passed the test easily, the price has stabilised around $645.
I get the feeling that few Australians even know what bitcoin is. In other words, I think that this company has huge potential. I particularly like the credentials of the management team. The young MD has already made his IT fortune, so he will be getting his jollies from making it a big success, and not looking to fleece his investors.

There will be many detractors, especially from those unfamiliar with bitcoin, but as far as I'm concerned, any publicity about bitcoin in Australia is good publicity.

Now that the big fast traders are supporting it, it has a great future. (CBS story yesterday)

It is already a lot bigger than many ordinary Australians realise.

I bought shares yesterday early.