Bitcoin is on course for posting its 8th consecutive weekly gain (longest series of advances since late 2013) and is up 113% from its January lows. The recent break out in momentum emerged from last week's decision from the European Court of Justice to classify Bitcoin as a currency rather than a commodity, which means it will be exempt from VAT, thereby, improving its chances of being traded in an exchange. The ruling boosts Bitcoin's credibility as an alternative asset/investment at a time when central banks' currency devaluations (direct and indirect) as well as gold's directionless behaviour over the last 2 years ... (full story)