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Over the last number of weeks, everybody may be 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 in history high of $266, then plummeting in order to over $100 in particular hours, and now stabilizing around $120. When Bitcoin's price started to increase unexpectedly, it took over as the one thing everybody in Silicon Valley was talking of. (For those who don't know what Bitcoin is, this video explains it perfectly in 3 minutes).
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Jered Kenna: We relaunched before the particular increase, we hoped to be able to the first there and ride the wave. Xbox been rather a lot more interest from institutional investors, the VC community is really picking upward now so a involving tech investors are getting yourself into Bitcoin and putting money directly into Bitcoin. That's also fueling the price increase. Some investors look at it seriously.
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JK: As it evolves and it might be more real, you will notice more competition, on the other hand got a involving support when we had problems last year, I made fantastic deal of great friends like Charlie Shrem from BitInstant. At this time it's true that some people hate each other, but we all for you to see it realize success. When something bad happens can make the whole place look bad, the software reflects on all of us.
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