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Bitcoin continues marching to new highs this month, despite the rather ominous news this week that one of the major wallet services, Inputs.io, was robbed of over 4,000 BTC, or one million worth of U.S. coin. ConvergEx Group market analyst Nick Colas says that one of the main reasons is the surge in interest in Bitcoin from China.
“The biggest Bitcoin exchange is now in China, displacing Japanese, American and European sources of demand,” wrote Colas in a note to clients published by Business Insider. “That enterprise is called BTC China, and its CEO Bobby Lee hails from Yahoo YHOO +3.08%! and Walmart China. Oh, and he graduated from Stanford with a degree in Computer Science. In short, an apparently pretty clever fellow.”
reply to post by onequestion
what does a bit coin actually look like?
Although the Bitcoin Project describes bitcoin exclusively as an "experimental digital currency,"  bitcoins are often traded as an investment.[
Actually there is value in bitcoins, it can be traded in any market, it is regulated by supply and demand, and its not taxed, it has the ability to be anonymous.