The 5 Things You Need To See About Bitcoin Right Now

1.) Bitcoin hit new all-time highs today at $618.94. It’s now up more than 4000% year-to-date:

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2.) Coincidentally, today is also the day that the U.S. Senate Committee on Homeland Security and Governmental Affairs will meet to, “explore potential promises and risks related to virtual currency for the federal government and society at large.”

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3.) Many are attributing the surge in Bitcoin prices to demand out of China since early November, and specifically from this guy and his exchange:

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4.) In Bloomberg Businessweek, an article was published and then shared on StockTwits that highlights the growing arms race in Bitcoin mining:

Screen Shot 2013-11-18 at 8.21.13 AM

5.) While Bitcoin prices are soaring, the number of transactions relative to the price of Bitcoin are low. The hoard seems to be on:

Screen Shot 2013-11-18 at 8.24.43 AM

Bonus: Here’s another chart commenting on Bitcoin’s parabolic nature:

Screen Shot 2013-11-18 at 8.27.54 AM


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