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Fred Wilson has made a blog post (avc.com) marveling at bitcoin’s resilience and staying power. (He is a venture capitalist at Union Square ventures with notable hits;  Twitter, Tumblr, Foursquare, Bug Labs, Meetup, Zynga, Covestor, del.icio.us, Etsy: https://en.wikipedia.org/wiki/Fred_Wilson_%28financier%29)

http://avc.com/2015/07/resilience/

Resilience

One of the things about Bitcoin that I’ve always been amazed by is its resilience. It goes up, it gets knocked down, but it hangs in there, and then it goes up again.

It’s happening again now.

coindesk-bpi-chart

It is unclear what is driving this recent move, maybe its Greece, maybe its China, maybe its something else.

But every time this happens, I gain a bit more confidence that Bitcoin is around for the long haul.

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