BITCOIN to $20 next week? Someone suggests that. Who backs BITGOLD?
George Soros, Sprott Inc. and other big-name financiers.
Google BITGOLD. Read the National Post article. It is an amazing concept. This will work. This is backed by a physical commodity. The flaky BITCOIN is backed by nothing more than paper. That is the entire reason BITCOIN exists. To hold something substantial. GOLD. You would be able to go into Tim Hortons and buy a cup of coffee with gold. Now... here is where I think people don't understand. You wouldn't pay with actual gold. Your bank card, or credit card would be linked to your account at BITGOLD. Your balance would be based on how much physical gold you actually posess. Imagine countries around the world where their dollar falls in half overnight. Well..... if your money was backed by gold...... the price of gold would dictate how much money you actually have in your account. Anyways..... do some research. The more I do....... the more confident I am in believing some of these estimations of $20 share value within a week. I think this thing is going to fly. Im all in.