Bitcoin is a concern but not a currency, says City watchdog chief

"Bitcoin is a commodity in my view, it's not a currency; it's not a fiat currency in any sense, it's a commodity," Mr Bailey told Bloomberg on Friday afternoon. "Commodity prices go up and down. Bitcoin is currently enjoying a very sharp rise in its price but the history of Bitcoin pricing is very volatile.".
Google Alert – bitcoin

Currently only 4k unconfirmed transactions. Once again, the sky didn’t fall. Much FUD was spread, alarmists and concern trolls had their fun, and now its over and everything is fine, just like it was fine the last time, and just like it will be fine the next time.

submitted by /u/Cryptolution
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