by Kerry Lutz, Financial Survival Network:

Trace Mayer has been in on the Bitcoin band wagon since its inception. He’s seen it go to $1200 and then back down to $187 and now it’s headed back up. A few days ago it was trading at nearly $800 and now it’s just below $700. What should you make of all this volatility? Is it just another example of China’s emergence and growing instability. Yes, but it’s also Bitcoin’s growing acceptance as a medium of exchange. And that perhaps is the most exciting aspect of the this emerging story. Perhaps we’re witnessing the birth of the world’s next reserve currency!