Read the latest news about BITCOIN on yahoo, a serious flaw discovered causes the currency to plunge,
the news dates a couple of days, but at the time it went down to $200 if not mistaken, as one of the biggest known exchanger halted withdrawals.
Seems the currency is taking more dives lately,a nd not quite getting back to its highs, and probably won't for some time.
No matter what the USD or other currencies is worth, legal tender will always be the preferred choice currency for organised crime, they would never play with a currency that cannot be backed and that is so volatile and can be worth almost nothing overnight, no way. Also bitcoin is capped, so as demand rises, so does its value.
Perhaps if the US made a historical move and declared default on its debt as no deal was reached, that would probably send the BITCOIN currency surging within weeks of the announcement.....