Bitcoin has been in the news a lot recently, Richard Branson announced that his space flights would accept the currency, and a University in Cyprus announced that students could pay their tuition with Bitcoin.
Now the digital currency has hit an all time high of over $1,000 for the first time, with a high point of $1,030, this is up considerably from its high point last week of $632.
Bitcoin’s value has risen some 62.83 percent since last week, and it could go even higher before the end of today, just three weeks ago its value was around $200.
The Bitcoin value of over $1,000 was recorded on the MT. Gox index, the currency is still listed at under $1,000 on some of the other exchanges, although its value is expected to rise on those as well.
As Bitcoin continues to be adopted as a payment method by a number of companies, the digital currency is expected to increase in value, it will be interesting to see where it sits in a few weeks.
Source The Next Web
Filed Under: Technology News