There is an atmosphere of foreboding upon the world stage that may account for the bitcoin’s steady rise against the dollar. BTC closed at $213.5 on November 1, up from $130 exactly four weeks ago. And this week, the world’s first bitcoin ATM opened for business in Vancouver. And the currency is still cheap, at least if you see it as the new gold. The beauty is that nobody can charge you for investment advice regarding the bitcoin; instead, you have to make do with scatterbrained prophecies such as these. Yet as long as elements of foreboding linger in today’s world, bitcoin will have its uses. It’s a lot easier to transport than gold, too. Far from being an illegitimate child of inbred hackers, it’s fast becoming a safe haven itself.
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