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Betting on the Bitcoin

Betting on the Bitcoin

As well as gambling on casino games, slots, poker etc… those interested can also gamble on the stock market or currency exchanges.

Betting on the Bitcoin

Interest in Bitcoins is continuing to grow with people all over the world investing in it.

At the moment the virtual currency Bitcoin is receiving a huge amount of attention, it has just shot up in value ahead of the US Federal Reserve hearing into the virtual money. The US Senate Committee on Homeland Security and Governmental Affairs will be hearing testimony that will argue that although the currency can be exploited by criminals, if properly regulated it can offer a secure and efficient service.

All over the world people are gambling on Bitcoins and the interest in the currency is spurring it to ever increasing heights.

This means that gambling on the coin comes with a great risk; on the other hand, it means there is the potential for large rewards. If someone bought some Bitcoins a month ago, today they could sell them for a huge profit.

The Chairman of the U.S. Federal Reserve, Ben Bernanke, said that virtual currencies may hold “long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.”

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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