Bitcoin’s New Bubble: Digital Currency Now Trading at $30

Bitcoin's New Bubble: Digital Currency Now Trading at $30

mashable.com 22 Feb '13, 5pm

Bitcoin’s New Bubble: Digital Currency Now Trading at $30

For the second time in Bitcoin’s history, the digital currency has surpassed an exchange rate of $30 per Bitcoin. The exchange rate is a significant milestone for the four-year-old currency best known for enabling online drug deals , gambling and other illicit activity. Since August, the decentralized currency has received numerous stamps of legitimacy, including the first-ever Bitcoin bank and the ability to pay for pizza with Bitcoins. Not to mention, it is now accepted as a form of payment for advanced features on popular blogging platform Wordpress.com . "The price increase is at its core driven by improving fundamentals: good press, massive bitcoin adoption, less inflation and weak government-issued currencies," said theymos, moderator for Reddit's r/Bitcoin forum. Bitcoins were first launched by the pseudonymous developer "Satoshi Nakamoto" in January 2009. Since the...

Full article: http://mashable.com/2013/02/22/bitcoin-trading-at-30/

Tweets

@chen_ww » 28 Feb '13, 12pm
Bitcoin's New Bubble: Digital Currency Now Trading at $30 - I'd pass on this for now ... [link] @mashable
@chris_force » 26 Feb '13, 3pm
I admit it - I don't see #bitcoin as more than a fad. What's the compelling event which drives mass adoption? [link]
@OptimiseOrDie » 26 Feb '13, 2pm
Bitcoins : A real currency or Speculator bubble? : You decide -> [link]
@Popol349 » 26 Feb '13, 12pm
Vous connaissez la monnaie virtuelle "Bitcoin's" ? [link]
@trishburgess » 25 Feb '13, 5pm
#Bitcoin still trading around $30. I still expect major swings in value but Bitcoin seems to be here to stay! [link]
@alVillanueva » 25 Feb '13, 1pm
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RT @annehthomas: Bitcoin's New Bubble: Digital Currency Now Trading at $30 [link]
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Bitcoin's New Bubble: Digital Currency Now Trading at $30 [link] RT @geoff_deweaver #bitcoin
@lukestokes » 24 Feb '13, 12am
#bitcoin on @mashable but they fail to mention the reason for the 2011 drop (mtgox hacked). Do some reporting ppl. [link]
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Breaking - The Billionaire Bubble of Bitcoin Bank Industry !!! by MASHABLE [link]
@GigaBitcoin » 23 Feb '13, 11pm
RT @AshleyCodianni: .@bitcoin is trading record high via @mashable. But, what the hell is it?! VIDEO: [link] READ: [link]
@jschweiz729 » 23 Feb '13, 3pm
For those cocnerned with one world currency. Bitcoin's New Bubble: Digital Currency Now Trading at $30 [link] via @mashable
@AshleyCodianni » 23 Feb '13, 2pm
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Way to go #Bitcoin. :) [link]
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Bitcoin’s New Bubble: Digital Currency Now Trading at $30 - For the second time in Bitcoin’s history, the di... [link]
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RT @SkyHighMrkting: SF Bay Area tip Bitcoin’s New Bubble: Digital Currency Now Trading at $30: For the second time in Bitcoin’s h... [link]
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