Topic: Winklevoss Twins

The hosts discuss Max Keiser's involvement with virtual currency patents and his licensing deal with Cantor Fitzgerald. They also cover the Winklevoss twins' investment in Bitcoin and the launch of "Ripple," an open payment network under the Open Coin Initiative that aims to eliminate transaction fees for various currencies.

CNBC has added the Mt. Gox Bitcoin rate to its ticker, while the New York Times produced a video explaining the "invisible virtual currency" following an investment by the Winklevoss twins. Larry Kudlow suggested linking Bitcoin to gold to give it legal tender status. The currency currently shows a volatile 10% spread between buy and sell prices, leading to comparisons with "Beanie Babies."