In the midst of the euro crisis, particularly daring investors are putting their faith in the Internet currency bitcoin. A boom in the virtual coins has made some into millionaires. But central bankers are wary of its potential, and the currency is everything but crash-proof.A somewhat different brand of speculators celebrated an unexpected bonanza last Thursday evening at Room 77, a Berlin bar. Nerds and activists in T-shirts and sneakers got together at the bar in the Kreuzberg neighborhood, which offers live music, “warm beer, cold women,” according to the sign outside, and a burger called the “Fidel Castro.” They paid their tabs with the source of their newfound prosperity: bitcoins, an alternative currency from the Internet.
www.spiegel.de/international/business/boom-of-digital-currency-bitcoin-raises-questions-of-stability-a-893342.html
Digital Gold Rush: The Bitcoin Boom and Its Many Risks
In the midst of the euro crisis, particularly daring investors are putting their faith in the Internet currency bitcoin. A boom in the virtual coins has made some into millionaires. But central bankers are wary of its potential, and the currency is everything but crash-proof.