09 Nov '13, 5pm

Bitcoins fetching more than $300, the highest price ever for the virtual currency

The price of bitcoins rose above $300 for the first time ever Friday, sparking renewed media attention and fresh claims that the high price represents nothing more than a speculative bubble. Unfortunately, the debate over the currency's future has generated more heat than light, with both sides making arguments that don't stand up to scrutiny. To help cut through the clutter, here's a comprehensive guide to the debate over Bitcoin's future. Is there a Bitcoin bubble? No one knows. The value of Bitcoins has soared by a factor of 1,000 since the beginning of 2011. Today, the value of all outstanding bitcoins is now around $4 billion. So far, the volume of Bitcoin-based commerce isn't close to being large enough to justify that high valuation. But people who are buying bitcoins today aren't doing so based on today's Bitcoin-based commerce. They're making a bet that the demand...

Full article: http://www.washingtonpost.com/blogs/the-switch/wp/2013/11...

Tweets

Everything you need to know about the Bitcoin ‘...

washingtonpost.com 08 Nov '13, 9pm

The price of bitcoins rose above $300 for the first time ever Friday, sparking renewed media attention and fresh claims th...

Find out how the virtual currency bitcoin works and why its popularity has grown

Find out how the virtual currency bitcoin works...

stlouisfed.org 09 Nov '13, 3am

Furthermore, concerns about the virtual currency’s potential uses for criminal transactions and money laundering have been...

Babberly uses its own virtual currency plus bitcoin to boost local search and shopping

Babberly uses its own virtual currency plus bit...

coindesk.com 10 Nov '13, 10am

A new startup based on local mobile searching is utilizing its own virtual currency along with bitcoin to create a new typ...

Australian bitcoin site hacked, $1 million in v...

abc.net.au 08 Nov '13, 2am

Australian bitcoin user TradeFortress says site hacked, $1 million in virtual currency stolen AM By Will Ockenden Updated ...

REMINDER: Bitcoin Is The Perfect Asset Bubble -- Prices Could Go Vastly Higher From Here

REMINDER: Bitcoin Is The Perfect Asset Bubble -...

businessinsider.com 07 Nov '13, 12pm

Earlier this year, the price of the electronic currency Bitcoin exploded upwards, making its early advocates rich and smug...

The Bitcoin Bubble

The Bitcoin Bubble

techcrunch.com 07 Nov '13, 1am

We’re back, baby! Bitcoin’s price has taken off again, forcing some to defend the value of the currency as utterly un-bubb...

Australian #bitcoin user TradeFortress says site hacked, $1 million in virtual currency stolen

Australian #bitcoin user TradeFortress says sit...

mobile.abc.net.au 08 Nov '13, 4am

A young Australian entrepreneur says his bitcoin website has been hacked and thieves have stolen more than $1 million in v...

Bitcoin blows through $300 and keeps climbing

Bitcoin blows through $300 and keeps climbing

gigaom.com 08 Nov '13, 4pm

Remember the old days when one Bitcoin traded for 200 US dollars ? Well, those days were just a few weeks ago and now the ...

Bitcoin at Record, Senate Seeks to Discuss Virt...

bloomberg.com 08 Nov '13, 6pm

Bitcoin’s price climbed to a record at $330.01 on the BitStamp online exchange, as U.S. senators scheduled a hearing to di...

Bitcoin price hits all-time high of $269

Bitcoin price hits all-time high of $269

theguardian.com 06 Nov '13, 8pm

The price of one Bitcoin reached an all-time high of $269 on Wednesday, surpassing the previous record of $267 set in Apri...

Bitcoin wallet service hacked, 4,100 Bitcoins s...

net-security.org 08 Nov '13, 5pm

A daring hack and heist targeting online Bitcoin wallet service Inputs.io has resulted in the theft of 4,100 Bitcoins (cur...

Bitcoin boom: Virtual currency hits all-time high of $309

Bitcoin boom: Virtual currency hits all-time hi...

rt.com 07 Nov '13, 11am

Prices are rising on increased investment interest, especially high-demand from China, but the volatility still has others...

Three reasons why the price of Bitcoin is surging

business.time.com 08 Nov '13, 9am

The price of Bitcoin, the digital cryptocurrency favored by hackers and privacy buffs, has experienced a steady uptick ove...

3 Reasons Why the Price of Bitcoin is Surging

business.time.com 07 Nov '13, 5pm

The price of Bitcoin, the digital cryptocurrency favored by hackers and privacy buffs, has experienced a steady uptick ove...

When will the people who called Bitcoin a bubble admit they were wrong?

When will the people who called Bitcoin a bubbl...

washingtonpost.com 05 Nov '13, 8pm

Bitcoin prices on the Bitstamp exchange. (Bitcoincharts.com ) The word "bubble" comes up a lot in discussion of Bitcoin. B...