Happy Thanksgiving Bitcoin. The value of the so-called
cryptocurrency surged above $1,000 as it becomes easier to use as a way
to pay and easier to access for investors looking for an alternative to
gold.
One Bitcoin was briefly worth $1.073 on Wednesday, up from
less than $100 earlier this year, according to Mt. Gox, which hosts and
operates a popular Bitcoin trading platform. Later in the day it dropped
back to $930.
"Bitcoin is just starting to break out into the
mainstream," said Eric Tilenius, executive-in-residence at Scale Venture
Partners, who has a small percentage of his investment portfolio in the
digital currency.
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