Bitcoin Soars Past $1,000 At Mt.Gox Exchange

Bitcoin has been going crazy this last few weeks, with prices soaring and crashing, but for the most part rising on average. Now the digital currency sets a new record as the coins reach an all time high, passing the $1,000 mark.

Mt.Gox is one of the largest exchanges for Bitcoin, and at time of writing the coins were worth a tidy $1,073, not bad given that they were worth a few hundred dollars this time last month!

The last few days have been great, those with saving in Bitcoins will no doubt be celebrating, or cashing in then celebrating. Perhaps the guy who forgot he had 5000 Bitcoins is happy that his forgotten fortune just keeps on growing.

Mining coins is a hard job these days, but that doesn’t mean one cannot simply invest in the coins by simply buying some. I know I’m kicking myself for not having bought more a few months ago! However, be warned, a big rise is often followed by a crash and we expect the value is a little too high at the moment as people buy into the trend.

Thank you TechCrunch for providing us with this information.