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5 Reasons Mt. Gox Won’t Take Bitcoin Down With It

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Mt. Gox, once the largest Bitcoin exchange, may soon be history. But Bitcoin isn’t going anywhere.

At least, that’s the consensus among Bitcoin companies and backers. Their assertion counters Mt. Gox’s admittedly hyperbolic claim that its implosion could ruin the currency or at least set the currency back a decade with consumers

Bitcoin proponents have a vested interest in ensuring the survival of their pet currency so their assertions aren’t surprising. They do offer some rock-solid reasons why Bitcoin is likely to endure this setback and possibly emerge stronger. Read more…

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