I'm with TERA on this...there's lots of talk about 'new money' but where is it...its not on the order books!
That is an extremely short-term factor. It can change in microseconds.
...local Bitcoin sales are both energetic and volatile, but I can't see 'institutional' money being invested via those avenues.
Nor will it be invested via the exchanges we have today, unless they are substantially revised - too much cp risk. Financials will buy OTC from whales and direct from miners if at all. Corporates will buy only if they have suppliers who require it, which is pretty unlikely. Transmission use will rise however, now that regulatory acceptance is established.
Interest in Bitcoin is definitely increasing but perhaps that interest is focused on the technology rather than the 'currency'.
And that is profoundly bullish for btc. Btc derives all of its fundamental value from the use of the technology. Exchanges can all go to hell and it won't matter. Speculators don't matter.
@aminorex -- I have no idea why you want to introduce the misuse of 'literally': pure obfuscation.
Precisely my point. A dead language has the virtue of relatively fixed and coherent meaning.
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