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Tags: Investing in Bitcoin

Investing in Bitcoin Today: Why This Virtual Currency Became a "Global Rebellion"

Money Morning Staff reports - December 6, 2013

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Why are people investing in bitcoin today, when it's trading around $1,000 (at this writing), even though it's been around since 2008, when it cost less than 10 cents?

The new, rapidly growing popularity of investing in bitcoin can be explained by the actions of one group: The U.S. Federal Reserve.  

The Fed continues pumping $85 billion a month into the U.S economy, further ravaging the dollar's value. This prompted Warren Buffett's warning to investors: "Run from paper money."

The world's most famous investor recently delivered his blunt advice to CNBC, saying investors should fear the dollar because it will be "worth less and less over time."

"Paper money has a lousy future," Buffett said.

Now thousands of Main Street Americans are dumping their dollars - and have turned to buying and investing in bitcoin.

In fact, as the U.S. dollar reaches a startling two-year low - its weakest since November 2011 - and with consumer confidence dropping like a rock - bitcoin is becoming a powerful force on currency exchanges around the world.

"What we're witnessing," said Money Morning Defense & Tech Specialist Michael A. Robinson, "is a global rebellion against the Fed, against all central banks. A harsh dose of medicine to many overblown power structures."

Editor's Note: Have you seen this unstoppable phenomenon?

Sign up for SMS so you never miss special events, exclusive offers, and weekly bonus trades.
Investing in Bitcoin: The World's "Renegade Currency"

This radical new currency bears a striking resemblance to a type of money first created by American icons Thomas Edison and Henry Ford at the turn of the 20th century.

The U.S. Department of Justice calls it a "renegade currency," because while it protects Americans from a decaying dollar, it also threatens central banks like the Fed which control fiat currencies around the world.

"Ordinary Americans love this currency, yet politicians are terrified of it," said Robinson, former Board Member of a major Silicon Valley Venture Capital Fund who spent the last two years analyzing the benefits of buying and investing in bitcoin.

"It's a stateless currency," Robinson added. "There's no central bank, no central computer, no center to attack. Governments fear this money could hasten the end to paper money- and start a powerful revolution."

Some analysts believe the revolution has already begun. 36 cities across 20 states already allow citizens to pay for everything from water bills to parking tickets with bitcoin.

And according to the latest figures, nearly 700,000 American businesses are now turning to bitcoin, including Wal-Mart, CVS, Lowes and Nike.

International acceptance is surging too, and economists predict bitcoin could usher in a new international monetary system.

Editor's Note: Obama and Bernanke are powerless to stop bitcoin from derailing the dollar. Go here to see why.

Investing in Bitcoin: How this Radical New Currency Works

Unfortunately, Robinson says the mainstream media is still keeping the American people in the dark about how bitcoin works.

Robinson, on the other hand, wants to give you all the details. He's interviewed dozens of CEOs, investment funds and other major players involved with investing in bitcoin. He talked extensively to his network of contacts in Silicon Valley to get a read on where this currency is heading.

He's now made all that research available to average Americans. And what he reveals may shock people; it completely redefines the way we think about money.

His research also serves as a wake-up call regarding the systematic problems facing our government controlled money supply- and how bitcoin could actually free citizens from being subjected to the whims of central banks around the world.

"Something like this has never happened before in history," Robinson said. "Since 2009 we've had ungodly amounts of money printing, quantitative easing, and zero percent interest rates as far as the eyes can see."

"Remarkably, this new currency makes all those problems unnecessary and even obsolete."

And that's why some of the world's smartest investors are investing in bitcoin today.

Editor's Note: As a service to our readers, we've arranged for you get a copy of Michael Robinson's full research package including his book that details everything you need to know about bitcoin. The package shows in plain language exactly the economic dangers ordinary Americans face right now with the collapse of the U.S. dollar and how buying and investing in bitcoin can protect you. Please go here for your free copy.

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Ronald Robert DesJarlais
Ronald Robert DesJarlais
9 years ago

I would like to learn more on how to invest in Bitcoin.–safely

0
Reply
calvin
calvin
9 years ago
Reply to  Ronald Robert DesJarlais

show me how

0
Reply
Jerry Williams
Jerry Williams
9 years ago
Reply to  Ronald Robert DesJarlais

Please forward info on how to safely invest in the Bitcoin controversy.
Jerry

0
Reply
Arthur Johnson
Arthur Johnson
9 years ago
Reply to  Jerry Williams

Need info on investment opportunities.

0
Reply
Colleen
Colleen
9 years ago
Reply to  Ronald Robert DesJarlais

Help !!!!!

0
Reply
orlando
orlando
9 years ago

END TIMES PROPHECIES UPFOLDING………..SETTING THE STAGE ………

I WONDER IF THIS VIRTUAL BITCOIN SYSTEM WILL BEAT THE ANTICHRIST WORLD ORDER MONETARY SYSTEM THAT IS SOON TO UNLEASH…….ONE WORLD CURRENCY ? IS THIS IT ?
OR NOT ? COULD IT BE THE BITCOIN SYSTEM ? AND NO ONE KNOWS ? ………….

THE 666 SEAL ( MARK OF THE BEAST ) WILL NOT LET YOU BUY AND/OR SELL ?

ANY COMMENTS ? WOULD THIS BE OUR WAY TO ESCAPE FROM THE WORLD ODER TRYING TO CONTROL CENTRALIZING ALL WORLD BANKS AND FINANCIAL INSTITUTIONS BEING THE BITCOIN DECENTRALIZED, NON GOVERNMENTAL , NON BANK ?

WOULD THIS BE FOR THOSE WHO HAVE EARS AND HEAR AND THOSE WHO HAVE EYES AND SEE ? THE FINANCIAL ESCAPE WAY ?

THE BITCOIN …….EDISON NEW AND WAS SHUT DOWN BY THE ENEMY

WHAT IS THE CHURCH OF GOD SAYING THE REAL CHURCH ?

TO BE CONTINUED ……..

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Reply
Kismet
Kismet
9 years ago
Reply to  orlando

I share similar thoughts of the "end times" prophecy unfolding……could this be the beginning??

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Reply
Rob
Rob
9 years ago
Reply to  Kismet

Yeah, but remember, most of the people on the earth once thought it was flat!

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Reply
Shelby
Shelby
9 years ago
Reply to  Rob

Don't quite understand how they came up with that IDEA? I guess unless that is you never were to look up and see the moon which is round.

0
Reply
Jeff
Jeff
9 years ago
Reply to  orlando

Just curious: Why did you type everything in all CAPS? Are you trying to emphasize something?

Hint: If everything is emphasized, then NOTHING is emphasized…………

0
Reply
Lisa
Lisa
9 years ago

what is the ticker symbol, cant seem to find it anywhere?

0
Reply
brenda carpenter
brenda carpenter
9 years ago
Reply to  Lisa

BTCS

0
Reply
james servant
james servant
9 years ago

tell me more and how can i invest.allso can i invest a very small amount to see any returns as a way of protecting myself of yet just anouther scam

0
Reply
Joseph C Zarcone
Joseph C Zarcone
9 years ago

should I invest in Edison Currency ( Bitcoin) at 81 ?

0
Reply
Bud Johnson
Bud Johnson
9 years ago

Is Bitcoin listed on one of the major stock indexes? If so, which one?

Bud

0
Reply
treesa
treesa
9 years ago

Isn't it convient for Buffet to plug this virtual money just as bitcoin has hit a snag and the price dropped substantially. One word from him and the world jumps on the band wagon securing his investment by procuring new investors.

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Reply
joe mowad
joe mowad
9 years ago

how can I invest

0
Reply
NC
NC
9 years ago

Please kindly provide your citation for.. "This prompted Warren Buffett's warning to investors: "Run from paper money.""

0
Reply
bird
bird
9 years ago

If this renegade currency is a sign of "End of times"…Really? Why don't we look at look who seems to be most against it? And by being so against it aren't they truly the ones that pushed this into play? End of times my a*s! I'm speaking of the ones who are afraid of what they can't control. The ones who stand to lose their power over "we the people" of the USA , if not the world. But for this purpose I'm speaking just about the USA. Tthey have this insatiable need to tell us how to live, how to make money, how to take care of ourselves medically, or to just decide for us what they think should make us happy. The "they" is the US Government! If this renegade currency is a path to financial freedom from our government and their never ending seeking and gaining control over what is supposed to be a society that was designed (by some very astute individuals) to provide us with the rights to "Life, Liberty and the Pursuit of Happiness", minus the politicizing of EVERYTHING, but allowing individual choice and expression, then I'm all for this type of rebellion!

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Reply
Dallas Golden
Dallas Golden
9 years ago

I would like to know more about the bitcoin

0
Reply
RalphF
RalphF
9 years ago

BitCoin is bankrupt…it was nothing but a scam and pyramid scheme…people wanted to know about it so they could 'get in on the ground floor'…how do I buy they asked? Greed. Greed did it in. P.T. Barnum was right: there is a sucker born every minute…

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Reply
DaveM
DaveM
9 years ago
Reply to  RalphF

"BitCoin is bankrupt"? Bitcoin is not a bank. You clearly have no concept of cryptocurrency. For all you looking to invest, go to Coinbase and read a little bit. They make it beyond easy to get started.

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Reply
Michael
Michael
9 years ago

If you want to invest, just google "How to use bitcoin" – It's very simply guys, I'm surprised half of you don't have the brain to google it..

0
Reply
Bruce
Bruce
9 years ago

Go to Youtube and search for Joe Rogan Bitcoin… there is an excellent podcast with a bitcoin guru that will explain everything about how it works.

0
Reply


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