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Over the past few weeks, everybody may be weighing in about Bitcoin, the digital currency that may be the money of the future, or a bubble bursting right in front of us. After being worth only $30 in March, on Wednesday, Bitcoin reached an all time high of $266, then plummeting in order to over $100 in several hours, and now stabilizing around $120. When Bitcoin's price started to increase unexpectedly, it became the one thing everybody in Silicon Valley was talking just about. (For those who don't know what Bitcoin is, this video explains it perfectly in 3 minutes).
The extreme volatility on Wednesday cooled a involving people off, prompting some to call Bitcoin a bubble ready to burst, and caution everyone about taking it too seriously. However, the Los angeles Times reported that high level investors pertaining to example the Winklevoss twins devoted to Bitcoin.
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