Ladies and gentleman, we have
a Bitcoin bubble. In January, one bitcoin would fetch around $13. Today, Dec.4,
2013, it is worth $1,061 with $11.8 million sold on the Bitcoin Exchange. If
the currency rose by just a measely 1,000% next year, that would bring it over
$10,000. It’s clearly risen 8 times that in the last 11 months.
By now, FORBES readers know
what a Bitcoin is and how it operates. In short, it is a virtual currency.
Think PayPal, where you can send money to your lover without your husband
knowing. The problem is, PayPal has real, traceable money. Bitcoin is private
and anonymous. And while a chunk of bitcoin transactions are used for illicit
sales, most politicians and one college is now treating this as cold hard cash. Read more.