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Over the last number of weeks, everybody been recently weighing in about Bitcoin, the digital currency that could be the money of the future, or a bubble bursting at the front of us. After being worth only $30 in March, on Wednesday, Bitcoin reached an record high of $266, then plummeting to be able to over $100 using some hours, and now stabilizing around $120. When Bitcoin's price started to increase unexpectedly, it was crowned the one thing everybody in Silicon Valley was talking associated with. (For those who don't know what Bitcoin is, this video explains it perfectly in 3 minutes).
The extreme volatility on Wednesday cooled a lot of people off, prompting some to call Bitcoin a bubble for you to burst, and caution everyone about taking it too seriously. However, the New york Times reported that advanced level investors pertaining to example the Winklevoss twins invested in Bitcoin.
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