"Bitcoin is good if you want to make a deposit of between $1,000 and $10,000. But the liquidity is just not there in the system for multimillion dollar transactions," Colas points out.
It's not a bubble if big money decides (or rather realizes) they can and will transfer and settle differences in bitcoin rather than fiat. (to me that's bitcoin's strongest point.. it's too cumbersome for day-to-day instant purchases) It might be a bubble now, but at some point either now or in the future, the (next) bubble won't pop.
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"Bitcoin is good if you want to make a deposit of between $1,000 and $10,000. But the liquidity is just not there in the system for multimillion dollar transactions," Colas points out.
http://www.businessweek.com/articles/2013-03-20/jittery-span...
It's not a bubble if big money decides (or rather realizes) they can and will transfer and settle differences in bitcoin rather than fiat. (to me that's bitcoin's strongest point.. it's too cumbersome for day-to-day instant purchases) It might be a bubble now, but at some point either now or in the future, the (next) bubble won't pop.