Mt Gox exchange shutdown sparks Chinese bitcoin gold rush

Mt Gox exchange shutdown sparks Chinese bitcoin gold rush

Chinese investors rushed to buy bitcoin, seeing it as potentially undervalued, after the value of the virtual currency fell following the shutdown of the Mt Gox bitcoin exchange this week.

Since Tuesday, more than 30,000 bitcoins have changed hands in China. That’s four times the usual trade volume, and compares with just 300 exchanged in the United States.

Gimme all your digital gold!

Gimme all your digital gold!

Ohhh yeah, bitcoin heading East along with all our gold.

Ohhh yeah, bitcoin heading East along with all our gold.

2 comments on “Mt Gox exchange shutdown sparks Chinese bitcoin gold rush
  1. 5mil says:

    I think that is a lot of bit coins. Can I have that block of gold in the picture?

  2. Goldman Sucks says:

    “Absent rudimentary consumer protection rules — even if voluntary — I expect Bitcoin will receive some super-sized policy-maker attention,” Bart Chilton, a commissioner at the Commodity Futures Trading Commission, said in a statement.

    Last thing BTC needs is that silver haired go-go dancing quacks’ involvement in the market.

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