Page 25 - Bit Coin News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Bit coin plunging more than $2500 overnight dropping 12% in less than four hours after hitting a new record $17,000. then it drops to $2500. investors in the virtual currency have been on a wild ride. the price has soared more than 1,400% this year. it was worth ten grand last week and hit 17 grand last night and drops $2500. that sounds like a predictable long-term safe investment, doesn't it? it has long been shunned by most investors. they're mined using complex computer programs, not tied to a s centr central bank and it's said it's a little risky. >> a lot of people getting awfully rich. ...

The people jumping on the bit coin bandwagon are investors. the value is soaring. on thursday the value rose 40% in 40 hours. it's year to date gain is 1500%. for the investment community, bit coin is becoming mainstream. starting on sunday the chicago board of exchange will offer trade in bit coin futures. the nasdaq in the first half of 2018. as for wall street, there is a mixed reaction. morgan stanley, we will wait and see. goldman sach's will do it on a case by case basis. a man said it's a fraud. look for more political candidates to accept contributions in bit coins as senator paul did.

Challenges are. >> these are part-time jobs that people need to have two, three and four of to make ends meet that don't provide you with insurance or coverage or time off. so many who are backing this gop tax plan are saying this plan is going to help wages. it's going to help wages increase. it's going to help bring people back to work. i want you to compare that jobs number that everybody likes to this plan. there's a piece you put out that i love where you say why the gop is heading for physical calamity. you wrote the $1.8 trillion of business tax cuts in the senate will pay for themselve...

>> ♪ >> ♪ >> does he have an opinion on it? does the administration feel that is now something that need to be regulated by the government? >> this is something being monitored by our team. >> what kind of monitoring? >> this is an issue. tom with the homeland security team brought this up in a meeting earlier this week. something he is keeping an eye on. we will keep you posted. >> bret: bit coin is going up and going down. the chart over the year, digital currency, it is being traded. there you look at it. as it climbs through the year. back with the panel in the lightning round.

Strong stomach. >> there are issues about it. there is a lot more put on to you as a user to secure your bit coins than if you went to your bank and you have your dollars. the bank is responsible for all of your money. you are responsible for your bit coins. there are element that make it more secure, but there is a lot more responsibility put on the user to ensure that. >> there are few vendors that accept bit coins for physical goods. >> they will say what is bit coin? a lot of people haven't heard about this yet. as long as you can find somebody else who will accept bit coin for a payment, ...