The rally in bitcoin has come out of China, which has accounted for 98% of bitcoin trading in the past six months. China is also home to about two-thirds of the world’s bitcoin mining power. The Phase Transition spike in bitcoin is very alarming, for it flies right in the face of government attempts to […]

QUESTION: Mr. Armstrong : Since you have deep knowledge about coins and currencies going back to ancient times, it would be really helpful to get your view of what Bitcoin is or could be as a sort of “World Currency”. Is it a fad or something that should be taken seriously? Thank you – BH ANSWER: No, […]

The Guardian reported that Australia raided the home of Craig Wright only hours after it was shared that he may be one of the founders of the cryptocurrency bitcoin. Of course, authorities also claim such raids are not related. But they ALWAYS are. Australia is one of the countries aggressively hunting people for money.

European Union countries are of course using terrorism as the excuse to now crackdown on any virtual currency claiming that anonymous payments made online and via pre-paid cards “can” be used by terrorists without any proof they even know how to use such currencies. The EU is using terrorism to crackdown on taxes without admitting […]

Now others say that number is wrong and bitcoin can go to 2,100.000,000,000,000. If that is true, then my first statement is correct. If everyone swapped all money for bitcoins then what is the difference? This is not a question of supply. Money is just a medium of exchange not a sort of constant value and […]

  I am told that I will be wrong because Bitcoin has an arbitrary cap at 21 million so it cannot end up as the dollar. Sorry, if you cap it at 21 million and there are over 300 million Americans alone, just how is Bitcoin going to ever replace anything? That is the attempt […]

COMMENT: Hi Martin, This one might interest you, as it is exactly what you told us that is coming: http://www.reuters.com/article/2015/03/12/us-bitcoin-ibm-idUSKBN0M82KB20150312 Kind regards, Alex REPLY: Yes, I have been in discussions with various governments who have expressed directly that they were looking at how bitcoin would operate. They are moving to electronic. That is without question. […]

QUESTION: Hi Marty  Is The Forecaster playing anywhere near Vancouver, BC? Have your thoughts on bitcoin changed at all? We are opening up in Brazil shortly. Regards, Richard ANSWER: I believe the film has already been signed up by distributors throughout Canada. I am not sure when and where. I really am not in that […]

The crash in BitCoin losing about 50% of its value since July, has been on the back of concerns that the State of New York would regulate Bitcoins. In a speech at Cardozo Law School in New York on Tuesday night, Benjamin Lawsky, the superintendent of financial services for the state of New York, stated […]

The real birth in electronic money is not Bitcoin, but Google Wallet. Standing in line at Starbucks you will see the under 25 crowd pay with their cell phones. Sorry, but Google is already there. Bitcoin cannot compete nor will traditional banks. Just as Amazon reduced book publishers to a subservient role at their direction, […]