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This Is, Quite Simply, The Biggest Endorsement That Bitcoin Has Ever Received

• Business Insider

That quote is from David Woo, FX and Rates Strategist at Bank of America/Merill Lynch.

Woo is one of the most genuinely brilliant minds on Wall Street, and that statement is huge.

Here's why: Lots of folks have made positive noises about Bitcoin. Ben Bernanke, for example, said it "may hold long-term promise" but mostly spoke very generally about being open-minded toward digital currencies. He never said anything specific.

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