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Author Topic: HOLY CURRENCY: Bitcoin Up 1500% In 9 Months!  (Read 563 times)

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    • HOLY CURRENCY: Bitcoin Up 1500% In 9 Months!
« on: March 25, 2013, 09:26:57 PM »
HOLY CURRENCY: Bitcoin Up 1500% In 9 Months!

Bitcoin's 2,000 PERCENT Rally Frightens The Fed

CHART OF THE DAY: Is Bitcoin A Bubble?

Here's what the chart looked like just 2 months ago on January 27.  A nice move off the collapse lows of $2, some stability at $5 for several months, then a nice ride to $16 over a six-month period.

Now check out the ridiculous action since January 27.

Behold the spike below -- from 16 to 72 in less than 2 months, and from 2 to 72 in 18 months.

CHART: Bitcoins Priced In U.S. Dollars

Bitcoin has surged in the past 24 months, recently peaking at $72.50 after a 2011 low of $2.14, according to data from Mt. Gox, the world’s largest Bitcoin exchange.  The money, a virtual currency issued by a decentralized network of computers, has shown new strength and acceptance since collapsing in vallue from $30 to $2 in 2011.
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