World Bulletin / News Desk
The price of the prominent digital currency bitcoin rose to $1,073 for the first time on Wednesday, said experts.
Gaining a 400 percent increase in less than a month, bitcoin hit a high of $1,073 on the Tokyo-based exchange Mt. Gox, the most known operator of a bitcoin digital marketplace.
Bitcoin, which is not backed by a government or central bank, traded for around 215 dollars at the beginning of November.
Due to its limited supply and increasing demand, the digital currency gained value in a short period of time.
Bitcoin trades 24/7 and recently stood at 12 million bitcoins, worth around $12.9 billion.
Introduced in 2008, bitcoin is not supported by physical assets and is not run by any person or group.
It has been gaining acceptance from the general public and investment community, but has yet to become an accepted form of payment on websites.Last Mod: 28 Kasım 2013, 17:03