As bitcoin exchange MtGox collapses.

As bitcoin exchange MtGox collapses, man who predicted the crash implores bitcoin holders to avoid being suckered into a digital Ponzi scheme In April of 2013, I warned Natural News readers about investing in Bitcoin, saying on the record: The bitcoin infrastructure is subject to the whims of just one person running MTGox who can arbitrarily opt to shut it straight down whenever he thinks the market requires a cooling period. That is nearly equivalent to a economic dictatorship where one person calls the shots. Two days ago Just, the largest bitcoin exchange MTGox and unexpectedly shuttered its doors all of a sudden, blocking all clients from accessing their accounts which usually are worth hundreds of millions of dollars collectively read more .

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