Over the past few weeks, everybody already been weighing in about Bitcoin, the digital currency that might 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 to be able to over $100 utilizing some hours, and now stabilizing around $120. When Bitcoin’s price started to increase unexpectedly, it took over as one thing everybody in Silicon Valley was talking about. (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 increase, we hoped in order to the first there and ride the wave. Microsoft xbox been rather a lot more interest from institutional investors, the VC community is really picking upward now so a associated with tech investors are entering Bitcoin and putting money directly into Bitcoin. That’s also fueling the price increase. Some investors are looking at it seriously.

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