22 Feb '13, 5pm

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

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/

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