It would be interesting to see a breakdown of WHAT Bitcoin are being trading for (e.g. pure investment, black market goods, standard commercial goods/services).
Without a good understand of what drives Bitcoin's use it is hard to tell if this is an investment bubble or legitimate organic growth. I will say I don't run across all too many sites that support payment via Bitcoin, I know they exist, but it hasn't expanded to be commonplace.
But I've read the drug market on e.g. Tor is alive and well. So maybe that drives a lot of this trading.
Without a good understand of what drives Bitcoin's use it is hard to tell if this is an investment bubble or legitimate organic growth. I will say I don't run across all too many sites that support payment via Bitcoin, I know they exist, but it hasn't expanded to be commonplace.
But I've read the drug market on e.g. Tor is alive and well. So maybe that drives a lot of this trading.