Bitcoin has finally regained some credibility as an alternative currency, since it has again broken the $30.00 barrier; a feat that some thought was impossible.
For a fledgling currency in it's infancy, Bitcoin has proven to be very resilient. Bitcoin has just regained 98% of it's all time high price (this week) as it has again broken the $30 barrier, not seen since 2011.
Since Nov 2011, Bitcoin has flirted with downward pressure and dropped in value until the middle of Nov 2012. However, since Nov 2012, Bitcoin has risen from a stable $10/Bitcoin to a level of $30/Bitcoin.
The exact reason for the substantial rise in price for Bitcoin is not known. However, the popularity of Bitcoin continues to increase with the new ASIC technology released by some of the vendors.
Additionally, some businesses are now paying their employees in Bitcoins.
See the article from the Internet Archive (HERE).
Additionally, some businesses are now paying their employees in Bitcoins.
See the article from the Internet Archive (HERE).
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