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Over the last number of weeks, everybody is 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 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 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 to be able to burst, and caution everyone about taking it too seriously. However, the Massive apple Times reported that advanced investors regarding example the Winklevoss twins committed to Bitcoin.
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http://www.wboc.com/story/37362943/news
