Bitcoin goes to the moon: Planet Money: NPR

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

Then there is Bitcoin, a virtual currency that doesn’t even exist in the physical world. In the past few months, the value of Bitcoin has increased more than 1,000 percent – from less than $ 20 per Bitcoin a few months ago to more than $ 200 today.

In today’s broadcast we ask: Is an exploding value good or bad for Bitcoin?

For more information, check out our 2011 Bitcoin Stories:

Music: “backlines” of stars. Find us: Twitter / Facebook / Spotify / Tumblr. Download the Planet Money iPhone app.

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