Sizing up Bitcoin is a tall order. Even as the price of one bitcoin soared above $10,000, a debate raged over what, exactly, Bitcoin is: A digital store of value, a revolutionary payment platform, or the promise of a completely new, blockchain-based financial system.
The truth is that Bitcoin is all of those things, but whether it'll succeed as all three — or any of them — remains to be seen.
The value of a single Bitcoin has risen 1,500 percent this year. Traditional financial institutions and a dose of irrationality are fueling the boom.
Digital currency bitcoin jumped above $1,000 (£815) for the first time in three years on Sunday, trading as high as $1,029 ($1,038) on Tuesday, according to CoinDesk data. This chart shows just how much the currency has increased ov...
Bitcoin soared from $16,000 a coin on Coinbase's GDAX exchange to more than $19,500 in less than three hours Thursday. Coinbase said its site was down for some users because of record-high traffic. The price of bitcoin was all over ...
The digital currency now has a market value of about $213 billion, more than twice that of Goldman Sachs. Bitcoin has surged more than 1,200% this year.