Meanwhile, in NIgeria the Naira drops to a new low. Oil is up and the Naira is under pressure, Central bank had to step in.

Anyway, Why Nigerians are selling Naira and Buying Bitcoin -- an alternative asset class (infographic)

http://i.imgur.com/QmgGOox.jpg

A chart fromlast month

What we are tracking is a bigger pattern for a mid term view 2015

Point is, Bitcoin is becoming globally recognized as an investment class. It is global, cryptic and digital meaning it can be traded anywhere without the traditional hinderances of buying into foreign assets. This is momentous!

Hedgefunds are already getting in early through vehicles tailored for institutional grade investors eg Total Return Swaps http://www.investopedia....s/t/totalreturnswap.asp

ETFs coming out early next year will rein in more retail buyers from the public into bitcoin as an investment.

Like i always like to say, it is happening folks!

Bitcoin ETFs allow retail investors to buy into bitcoins like regular fin products available today on the Nairobi Securities Exchange for example.

Ruminate on that. Good evening readers