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Max Keiser says that China has amassed as much as 20,000 tons of gold and will announce the launch of a gold-backed digital currency to under the US dollar. Keiser also predicts that the price of bitcoin can reach $100,000 as the result of a weakening greenback.
- 60OK, so what's Bitcoin? It's not an actual coin, it's "cryptocurrency," a digital form of payment that is produced ("mined") by lots of people worldwide. It allows peer-to-peer transactions instantly, worldwide, for free or at very low cost. Bitcoin was invented after decades of research into cryptography by software developer,…
- 44Bitcoin (BTC) is a new kind of digital currency-with cryptographic keys-that is decentralized to a network of computers used by users and miners around the world and is not controlled by a single organization or government. It is the first digital cryptocurrency that has gained the public's attention and is…