Bitcoin has achieved the impossible, becoming the world’s most valued currency not created by any central bank or government entity. Earlier today, markets saw Bitcoin go above $300 per coin with a total market capitalization above $3.2 billion.
As Bloomberg News noted, today’s price spike might have to do with the BTC China exchange coming online, providing another way for international users to buy and sell their Bitcoin holdings.
At time of publication, I hold a small quantity of Bitcoin. The price of Bitcoin is volatile, not insured, and may lose value.