Chinese Investor Pegs Bitcoin as a Perfect Currency
Is there such thing as a perfect currency? Many people will find issues with currencies in general, but according to a Chinese investor (who was the former CEO of a Chinese social reading service) Xu Mingxing, it just may be. Xu heard of Bitcoin in late 2011 and began buy in 2012, when the price was below $20 per coin. Today, his coins are worth about $820,000 - up from his original investment of $16,400. The news here is that this is coming from what could be described as a prominent business man in the world's emerging Chinese economy. Many are seeing potential in Bitcoin due to its....
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