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JK: Do not think think people are hedging through the euro with Bitcoin. The crisis brought a much attention and exposure to Bitcoin. People found out about Bitcoin because on the euro crisis, but nobody is flooded by people from Cyprus trying to purchase bitcoins, so it will be not a primary correlation.
Jered Kenna: We relaunched before the price increase, we hoped to be able to the first there and ride the wave. There's been a good deal more interest from institutional investors, the VC community is really picking upward now so a lot of tech investors are acquiring it Bitcoin and putting money directly into Bitcoin. That's also fueling the price increase. Some investors need at it seriously.
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JK: I am see it so much as a bubble, but rather an extended period of volatility. You're likely to see points where price tag jumps up and bumps down, I don't see value exploding, it's very volatile as it is often extremely new, and quite a few people are jumping on it too in a timely fashion. Some others who got into it early are cashing out right at the moment. I think the price is going to change quite a bit over the other 6 months and couple of years. Right now there are I decide 500 merchants accepting bitcoins through Bitpay, you could rent hotels with bitcoins, and many are accepting it like a form of payment. Wordpress is the 25th popular site internationally and they accept bitcoins.
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