"Journalists" need to stop equating the price of Bitcoin to conferences or other random events. Seriously, you think the price of Bitcoin is above $500 because of an Amsterdam conference and BitPay's series A funding?
> "Journalists" need to stop equating the price of Bitcoin to conferences or other random events.
So, what you mean is they need to stop treating it like every other commodity, equity, or other marketed product they report on?
So why is the price of bitcoin over $500 then....
Because more people have wanted to purchase bitcoins than have wanted to sell them recently.