#Bitcoin spikes in value, prompting fears of a new bubble

Bitcoin spikes in value, prompting fears of a new bubble

dailydot.com 21 Mar '13, 9pm

#Bitcoin spikes in value, prompting fears of a new bubble

Today the digital currency Bitcoin spiked in value, increasing almost 70 percent in two days. Most analysts credit the ongoing Cyprus banking crisis as forcing the price up. One Bitcoin entrepreneur, however, believes recent actions by the U.S. Department of Treasury has legitimized the currently to a degree that heavy hitters see it as a legitimate investment. The currency rose from $42 to $72, according to Bitcoin Charts , hitting a high of $74.90, according to Mt. Gox , the largest Bitcoin exchange. It is trading at 145 percent what it was a month ago. Once relegated to black markets of the Web, Bitcoin is a difficult-to-trace digital currency that does not rely on a government or central bank to be bought or used. It has become increasingly popular, with users employing it to buy everything from pizza to electronics; others have used it to pay their employees or simply...

Full article: http://www.dailydot.com/business/bitcoin-value-spike-bubb...

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@FlyingCocoon » 23 Mar '13, 6pm
RT @NabeelAdeni: @FlyingCocoon: FYI RT @dailydot: #Bitcoin spikes in value, prompting fears of a new bubble [link]"
@MarbeLezkno » 23 Mar '13, 5am
News about bitcoin [link]
@delitzer » 22 Mar '13, 6pm
RT @jamesallworth: “If you want to get a good sense of the stress European savers are feeling, just watch Bitcoin prices.” [link]
@QuimTrull » 22 Mar '13, 4pm
#Bitcoin spikes in value, prompting fears of a new bubble [link]"@ericmarcosp @nenverd
@jamesallworth » 22 Mar '13, 3pm
“If you want to get a good sense of the stress European savers are feeling, just watch Bitcoin prices.” [link]
@agLuque » 22 Mar '13, 3pm
@QuimTrull RT @mashable RT @dailydot #Bitcoin spikes in value, prompting fears of a new bubble [link]
@ArielleDark5057 » 22 Mar '13, 3pm
RT @RightWingAngel: RT @dailydot #Bitcoin spikes in value, prompting fears of a new bubble [link]
@nibokov » 22 Mar '13, 3pm
RT @comboeuf: Digital to the rescue? Forget Russia or the E.U Troika - the future of Cyprus lies in Bitcoin as its new currency . [link]
@drewdjohnson » 22 Mar '13, 3pm
Bitcon jumps in price! Is this the way of the future? [link]
@comboeuf » 22 Mar '13, 3pm
Digital to the rescue? Forget Russia or the E.U Troika - the future of Cyprus lies in Bitcoin as its new currency . [link]
@OfLifeAndBooks » 22 Mar '13, 3pm
Wow! Had no idea this existed. “@dailydot: #Bitcoin spikes in value, prompting fears of a new bubble [link]” #investing
@NabeelAdeni » 22 Mar '13, 3pm
@FlyingCocoon: FYI RT @dailydot: #Bitcoin spikes in value, prompting fears of a new bubble [link]"
@localrat » 22 Mar '13, 2pm
RT ‏@dailydot 20m #Bitcoin spikes in value, prompting fears of a new bubble [link] CC @heathervescent
@stephaniesalmon » 22 Mar '13, 2pm
Interesting analysis of the #bitcoin spike [link]
@ctoliver » 22 Mar '13, 2pm
Alt Currency rising - [link]
@sebemina » 22 Mar '13, 2pm
Strange times we live in RT @dailydot: #Bitcoin spikes in value, prompting fears of a new bubble [link]
@rabbitsfortea » 22 Mar '13, 2pm
@tsuzana I think it's time to invest RT @dailydot #Bitcoin spikes in value, prompting fears of a new bubble [link]
@stevensirski » 22 Mar '13, 2pm
oO RT @dailydot: #Bitcoin spikes in value, prompting fears of a new bubble [link]
@Kaydubbed » 22 Mar '13, 2pm
RT: @ryandahlke "#Bitcoin spikes in value, prompting fears of a new bubble [link] "
@dailydot » 22 Mar '13, 1pm
Bitcoin spikes in value, prompting fears of a new bubble [link] (cc @jonmatonis)
@NoraPoggi » 21 Mar '13, 10pm
Good for you @JeredKenna !:) RT @dailydot The U.S. Department of Treasury just helped legitimize Bitcoin. Here's how: [link]
@dailydot » 21 Mar '13, 10pm
The U.S. Department of Treasury just helped legitimize Bitcoin. Here's how: [link] tip @techmeme, @binarybits
@curthopkins » 21 Mar '13, 9pm
Daily Dot | Bitcoin spikes in value, prompting fears of a new bubble [link] #Business via @dailydot
@rubenva94065347 » 21 Mar '13, 9pm
RT @dailydot: #Bitcoin spikes in value, prompting fears of a new bubble [link]
@dailydot » 21 Mar '13, 9pm
#Bitcoin spikes in value, prompting fears of a new bubble [link]
@waspoza » 21 Mar '13, 11pm
Bitcoin spikes in value, prompting fears of a new bubble [link] #Business via @dailydot #bitcoin
@micahstubbs » 21 Mar '13, 10pm
RT @dailydot: The U.S. Department of Treasury just helped legitimize Bitcoin. Here's how: [link] tip @techmeme, @binarybits
@OpenClickDone » 21 Mar '13, 10pm
#Bitcoin Bitcoin spikes in value, prompting fears of a new bubble [link]