09 Apr '13, 2pm

Likely riding a massive speculation wave, Bitcoin prices exceed $200

Likely riding a massive speculation wave, Bitcoin prices exceed $200

It’s been a great past few weeks if you’re a holder (or hoarder) of Bitcoins. The value of a single Bitcoin surpassed $200 today on the Mt. Gox exchange, yet another impressive milestone for the virtual currency. Bitcoin is an unregulated, decentralized currency and people can use it to make international monetary transfers that are free, instantaneous, and hard to trace. One might think the currency would be relegated to criminals and hackers, but it has gained a higher profile thanks to media coverage (ours included) and because many legitimate businesses, including Reddit and Expensify , have recently started accepting Bitcoin as a payment option. Bitcoin prices have seen an unbelievable rise in the last two months, with the price of a single Bitcoin hitting $100 only eight days ago. As of this writing, Bitcoin prices are sitting at about $217, having crossed the $200 t...

Full article: http://venturebeat.com/2013/04/09/bitcoin-200/

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BITCOIN $200

BITCOIN $200

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