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Over the last couple of weeks, everybody may be weighing in about Bitcoin, the digital currency that might 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 record high of $266, then plummeting to just over $100 in lots of hours, and now stabilizing around $120. When Bitcoin's price started to increase unexpectedly, it had become the one thing everybody in Silicon Valley was talking near. (For those who don't know what Bitcoin is, this video explains it perfectly in 3 minutes).
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JK: Do not think see it so almost as much ast a bubble, but rather an extended period of volatility. You are likely to see points where may possibly jumps up and bumps down, I don't see the buying exploding, it's very volatile because it is extremely new, and enthusiastic about are jumping on it too abruptly. Some others who got into it early are cashing out right now. I think the price is going to change much over your next 6 months and two years. Right now there are I decide 500 merchants accepting bitcoins through Bitpay, you could rent hotels with bitcoins, and increasing numbers of people are accepting it to be a form of payment. Wordpress is the 25th most useful site around the globe and they accept bitcoins.
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