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Over the past few weeks, everybody is 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 over $100 in a few hours, and now stabilizing around $120. When Bitcoin's price started to increase unexpectedly, it was crowned one thing everybody in Silicon Valley was talking with regards to. (For those who don't know what Bitcoin is, this video explains it perfectly in 3 minutes).
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JK: I don't see it so almost as much as a bubble, but rather an extended period of volatility. Assure for your see points where exactly where jumps up and bumps down, I do not see the exploding, it's very volatile because it's extremely new, and there are are jumping on it too quickly. Some others who got into it early are cashing out right next. I think the price is in order to be change excellent over the next 6 months and ten years. Right now there are I consider 500 merchants accepting bitcoins through Bitpay, you could rent a hotel room with bitcoins, and so many individuals are accepting it being a form of payment. Wordpress is the 25th most useful site in the world and they accept bitcoins.
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