> Bitcoin has also not reached the critical mass to be considered a viable currency to invest in, UBS’s Mark Haefele said in an interview. The total sum of all

> Bitcoin has also not reached the critical mass to be considered a viable currency to invest in, UBS’s Mark Haefele said in an interview. The total sum of all cryptocurrencies is “not even the size of some of the smaller currencies" that UBS would allocate to, he said. > “All it would take would be one terrorist incident in the U.S. funded by bitcoin for the U.S. regulator to much more seriously step in and take action, he said. “That’s a risk, an unquantifiable risk, bitcoin has that another currency doesn’t." These two taken together seem to paint two very different pictures for bitcoin. 1) Bitcoin makes it past the point where a couple singular bad acts pushes governments to crush it. Bitcoin sheds almost all of the value that was there as speculation. Value potentially crashes all the way down to ~1USD, prices before mtgox trading really started. Bitcoin continues to run, more and more over encrypted channels or TOR. Mining is prosecuted and only done in some states, or clandestinely (see mining in Venezuela). Bitcoin continues to be used on the dark markets of the internet. 2) Bitcoin is adopted by wallstreet, action against bitcoin is prevented and tempered by lobbyists with deep pockets. Price increases dramatically. Either future is amazing to me. Either gritty cyberpunk or vanilla sci-fi. Glad to see this happen in my lifetime.