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Bookmark and Share Target Accepts Bitcoin, China Drops U.S. Dollar & Likes Bitcoin, Bitcoin Fund: Up: 4,847%

Target, America’s Third-Largest Retailer, Accepts Bitcoin via Gyft, China Drops The U.S. Dollar In Favor of Bitcoin, Bitcoin Fund Reports YTD Performance of 4,847%: http://goo.gl/UbxIki

Bitcoin’s real-world use cases in the US and Canada expanded on 21st November, when San Franciscan mobile gift card startup Gyft announced via its official blog that Target GiftCards could now be offered on its platform.

Most likely China’s budding interest in Bitcoin is testing new waters to see how their savings fare with a virtual currency. While the exchange rate is expected to fluctuate with Bitcoin’s current small market size, Bitcoins attributes of being a fixed quantity, and impossible to steal without private keys, make it an attractive way to store savings.

Although technically launched in late 2012, Malta-based brokerage Exante released their 2013 year-to-date (YTD) performance statistics for The Bitcoin Fund last week. Listed in Bloomberg’s Comparative Fund Analysis section, The Bitcoin Fund came in with a 4,847% return, leading its peer group by a wide margin.

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 Read » Target Accepts Bitcoin, China Drops U.S. Dollar & Likes Bitcoin, Bitcoin Fund: Up: 4,847%
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