Bitcoin Value Hits All-Time High

    An Apple Inc. iPhone5 displays the Bitcoin Wallet smartphone app in this arranged photograph at the Pembury Tavern in London, U.K., on Wednesday, Oct. 9, 2013. Bitcoins are being adopted by a few merchants, enabling customers to buy beer at Pembury Tavern in East London, cocktails at EVR bar in New York and dessert at Cups and Cakes Bakery in San Francisco. Photographer: Simon Dawson/Bloomberg via Getty Images


    The digital currency is on a roll. On Monday, Bitcoin hit an all-time high of $700 on the Mt. Gox exchange, up 25 percent in one week. The gains came after multiple government agencies outlined their stances on Bitcoin ahead of a congressional hearing, “Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual Currencies.” Most important, Federal Reserve Chairman Ben Bernanke said the central banks has no plans to regulate Bitcoin.

    Read it at Circa