Bitcoin $750? YOLO

Bitcoin is now more interesting to watch than pornography, which on a Monday at work is really saying something. Bitcoin recently spiked to $750 on the Mt.Gox exchange. According to the BTC-e exchange, Bitcoin is trading for a more modest $607 per coin.

Google trades for more than $1,000 per share, but Bitcoin is now worth more per unit than Apple stock (~$518).

I have no idea what is going on. However, I can report that inbound interest is so large that if you attempt to buy Bitcoin through Coinbase, it will politely inform you that you can’t have any damn Bitcoin until Friday. Well, fine then.

The Bitcoin boom of the past few days has been large enough that other currencies are seeing their value rise as, presumably, Bitcoin owners look to diversify their holdings. Litecoin, for example, has essentially doubled its value today.

Call it Bitcoin leakage. Alright, have a chart:

chart

 
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