After a rocky spring, Bitcoin is on a bit of a winning streak as notable web retailers add support, Russia softens its stance towards the cryptocurrency and a leading venture capitalist sweeps the entire Federal auction. Speaking in the libertarian event called Porcupine Freedom Festival, Overstock’s CEO promised “special deals to vendors who want to be paid in Bitcoin.” It’s interesting to see major executives courting favor of libertarians through Bitcoin support — this means that Bitcoin backing may turn into a marketing trick used to appeal to consumers that belong to a certain place in the political spectrum. Electronics retailer Newegg has also declared that it will accept Bitcoin as a currency. Interestingly, payment processor companies like BitPay are now
Bitcoin may have finally reached a tipping point
04
Jul
2014
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