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Trace Mayer: Bitcoin Could Be Greatest Bull Market of All Time

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Published on Nov 21, 2013

Jason Burack of WallStforMainSt had Bitcoin entrepreneur, lawyer and monetary scientist, Trace Mayer back on a podcast for a 3rd time.

During the 46 minute interview Jason asks Trace if Bitcoin is in a bubble and Trace makes a sound argument for why Bitcoin is not in a bubble and its rapid price rise has been driven by fundamentals. Trace thinks hedge funds and other big money trend traders are not driving Bitcoin's price way up above its fundamentals as the amount of people using Bitcoin online and at bricks and mortar stores, restaurants, etc is rapidly growing.

Jason then asks Trace if he thinks gold and silver investors are now dumping their metal to chase Bitcoin higher.

Jason also asks Trace about the big news over the last month how Bitcoin is now accepted by Baidu in China.

Finally, Trace talks about the recent Congressional hearings concerning Bitcoin this week. Trace thinks Congress has changed their mind about Bitcoin and that they are in favor of it because it will create jobs.

Jason is also able to ask Trace about how Bitcoin is currently taxed and if he thinks the IRS or US Dept. of Treasury will dramatically change the tax laws to single out Bitcoin and hit its American owners with draconian windfall profits taxes or tax Bitcoin as a collectible so Bitcoin gains would be taxed as ordinary income at a very high income bracket on huge gains.


Links to Trace's websites: http://tracemayer.net/
http://www.runtogold.com/

Links to articles discussed in podcast: http://money.cnn.com/2013/11/18/inves...
http://www.ibtimes.com/baidu-bidu-app...
http://www.ibtimes.com/bitcoins-growi...
http://www.washingtonpost.com/blogs/t...

Please visit the Wall St for Main St website here http://www.wallstformainst.com/ where you can now get a FREE copy of our Petro Profit Report which we sold for $150/copy!

Follow Jason Burack on Twitter @JasonEBurack
Follow Mo Dawoud on Twitter @m0dawoud
Follow John Manfreda on Twitter @JohnManfreda
Follow Wall St for Main St on Twitter @WallStforMainSt

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