Fun fact du jour...
Bitcoin on Wednesday moved from $13.95 at open to $13.96 at close on Mt. Gox. This was a change of under .1% http://bitcoincharts.com/charts/mtgoxUSD#rg1zczsg2011-07-13zeg2011-07-14ztgSzm1g10zm2g25
On the same day, US Dollar index fell 0.42% (decent plummet after Bernanke announced more money printing... ***I'm so shocked***). http://quotes.ino.com/chart/?s=nybot_dx
Thus, Bitcoin was less volatile than the mighty US Dollar.
Anecdotal? Sure. But nonetheless quite interesting, no?
Bitcoin on Wednesday moved from $13.95 at open to $13.96 at close on Mt. Gox. This was a change of under .1% http://bitcoincharts.com/charts/mtgoxUSD#rg1zczsg2011-07-13zeg2011-07-14ztgSzm1g10zm2g25
On the same day, US Dollar index fell 0.42% (decent plummet after Bernanke announced more money printing... ***I'm so shocked***). http://quotes.ino.com/chart/?s=nybot_dx
Thus, Bitcoin was less volatile than the mighty US Dollar.
Anecdotal? Sure. But nonetheless quite interesting, no?
Hmmm if the dollar drops by .42% and the BTC doesn't go up by .42% there's something fundamentally wrong.
