[mrb]

Bitcoin continues to appreciate, because positive developments surpass negative ones, by far. In the last week alone:

- Winklevosses: Bitcoin worth at least 100 times more: http://www.cnbc.com/id/101190181

- Federal Reserve economist says bitcoin is a remarkable technical achievement: http://www.coindesk.com/federal-reserve-economist-says-bitco...

- Shopify (70,000 merchants!) accepts Bitcoin: http://thenextweb.com/insider/2013/11/09/shopify-now-accepts...

- China fuels Bitcoin surge to record high: http://money.cnn.com/2013/11/12/investing/bitcoin-record-hig...

[ISL]

I'm not sure that I'd lead with speculation from the Winklevosses in order to convince a skeptic. Your other three points are much stronger.

Also, only the latter two are actual economic developments, rather than analysis. The upcoming Congressional hearings might be newsworthy too.

[mxxx]

lol at a couple of dudes who are publicly known to be existing large amounts in bitcoin stating that it "should be worth a lot more!".

[mrb]

If they did not hold bitcoins, you would fault them saying they did not put their money where their mouth is...

One can never be right against the HN crowd. sigh

[samolang]

Their speculation might not be worth much, but if they succeed in setting up a bitcoin ETF it could definitely boost bitcoin's credibility.

[latj]

1. The Winklevoss name doesnt exactly boost credibility.

2. What you're describing already exists.

https://www.secondmarket.com

[anigbrowl]

Don't the Winkelvii have large Bitcoin holdings, whose value they presumably wish to drive upwards? Sorry, but I think this is a case of a market remaining irrational for longer than some people can remain solvent. I don't intend to waste money betting against it, but I'm not impressed. A couple of years ago people were predicting the price of gold was headed for the stars too, and a lot of them have lost money since.

[celticninja]

depends how far you go back on gold prices, 50 years ago buying into gold was a great idea. 10 years ago, maybe not so much, bitcoin is currently at the very early stages so buying in now could be considered cheap in 10 years time.

[anigbrowl]

Buying into stocks 50 years ago was also a good idea, though.