Manage updates with the Download AppBitcoin hits record exchange values with Cyprus banking crisis
Forget gold. The hot investment during this time of economic uncertainty in Europe appears to be Bitcoin.
Earlier this month, the peer-to-peer virtual currency was trading at a record $40 for one Bitcoin, more than doubling its value since January, when it was languishing in the midteens. In the past three weeks, it has doubled again, trading as high as $95 today.
All told, it's an increase of nearly 350 percent in the past two months, and much of it is because of the banking crisis in Cyprus.
Bitcoin "is clearly having a breakthrough moment here, and a … Read more
