Bitcoin passes £10000 to reach new all-time high

Such as: the bitcoin market cap will erode gold and even sovereign wealth bonds, that it will reach six figures by 2020, and that it is as big a thing as the World Wide Web was in 1995. As the price of Bitcoin goes up, the regulators are racing to catch up with the impact is going to be in financial market.

It takes the virtual currency's gains since the start of the year to over 1,100%.

Bitcoin, which is up nearly 1300% this year, was more than halfway toward eclipsing $13000 by late morning, a 7.7% increase on the day, according to the research website CoinDesk. Just one year ago one bitcoin was worth $764.

The move continues the trend reported earlier today when the price of bitcoin posted a $1,000-gain over the course of 24 hours, pushing past $12,000 for the first time earlier today. Concerns about bitcoin mining's huge energy consumption There are growing concerns, especially among some environmentalists, of the huge energy consumption of bitcoin mining. A very recent article on the issue can be found in Ars Technica.

Hawaii Woman Seeks Record For Huge Avocado
Wang found the 5.23-pound avocado on her daily walk to pick up her newspaper in the city of Kealakekua, Hawaii . Anything overhanging or dropped outside a private property line is free for anyone to claim.

Bitcoin is notching new heights every couple of days.

The latest buying spree was reportedly triggered by growing interest among South Korean speculators, as well as rumors about bitcoin derivatives that will be on sale in the United States by next week. While this is possible, the derivatives can also be used to make profit as an asset loses value. The extreme premiums underline the unprecedented demand and appetite for the decentralized currency that is resoundingly seen as a store of value for investors, beyond its utility as a currency.

For all the interest in bitcoin as an investment, few actually use it as a currency to buy and sell goods.

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