Bitcoin is an asset. It is like gold, because the idea is it is somewhat limited in supply. Compare that with every governments in the world who keeps printing money, causing our money dwindles in value over time (inflation).
So Bitcoin, in that sense, is a very interesting concept for people. However, due to recent bad news like Mt. Gov hacking and China crackdown, the value is depressed.
A conspiracy theory says that depressing the value of Bitcoin is intentional. And this is done by the most sophisticated group of people in the world of finance – US Gov, and to be more precise, Goldman Sachs, but those two are basically the same :).
You see, for a century the US government is kept on top because USD is default international currency and the US government keeps printing money. It prints money in exchange of goods and services. Imagine that power. Imagining that power erodes as more and more countries do not want this situation to continue, is scary for the US.
Now that the US sees that Bitcoin IS the future, and it has all the technological prowess to mine the most bitcoins, it wants to control Bitcoin. The game plan is, mine as many bitcoins as possible (reportedly there is an extraordinarily huge miner, maybe that’s Goldman). Two, depress the value of Bitcoins. Three, buy as many bitcoins as possible as it’s now cheaper. Now that it controls 80% of bitcoin circulation, the US government simply needs to tell the world, “We now recognize bitcoin as currency” and whoosh the value of Bitcoin will quadruple in minutes. And who benefits? Goldman (and the US gov).
Now it can extend another century of US dominated currency.
Hehe cool conspiracy theory heh?