2013年12月1日 星期日

What Bubble? Bitcoin Tops $1000.

Bitcoin topped $1000 for the first time Wednesday morning.

It’s the latest milestone in yet another epic rally for the four-year old virtual currency created a man or group of people going by the name Satoshi Nakamoto.

As of early 2010 was valued at just 4 cents, according to Mt. Gox. That’s a 2,499,9000% jump.

As of Oct. 1, 2013, bitcoin closed at $140.3. The jump in less than two months: 614%.

The value of a bitcoin keeps rising but with intense bouts of volatility. With each drop in the cybercurrency’s price, bitcoin naysayers are quick to point to popping of the bitcoin bubble.

For today at least, the bitcoin bulls are winning.

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