Streams

Episode 450: Bitcoin Goes To The Moon

Tuesday, April 09, 2013

Since the start of the year, the Japanese yen has risen by about 12 percent against the dollar. The euro has fallen by about 1 percent.

Then there's bitcoin, a virtual currency that doesn't even exist in the physical world. In the past few months, the value of bitcoin has risen by more than 1,000 percent — from less than $20 per bitcoin a few months ago to more than $200 today.

On today's show, we ask: Is a skyrocketing value a good thing or a bad thing for bitcoin?

For more, see our bitcoin stories from 2011:

Music: Stars' "Backlines." Find us: Twitter/ Facebook/Spotify/ Tumblr. Download the Planet Money iPhone App.

Copyright 2013 NPR. To see more, visit http://www.npr.org/.

Source: NPR

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