Save over 40% when you secure your tickets today to TNW Conference 💥 Prices will increase on November 22 →

This article was published on November 6, 2013

Bitcoin more than doubles its value in about a month, hitting an all-time high of $267


Bitcoin more than doubles its value in about a month, hitting an all-time high of $267

BitcoinThere may still be money to be made investing in Bitcoin. This morning, Bitcoin has just hit an all-time high of $267, surpassing the previous record of $266, as reported by CoinDesk.

The virtual currency dropped as low as $110 on October 3 after the FBI shut down Silk Road, and now it’s more than double the value in about a month.

All these fluctuations and peaks will only serve to make Bitcoin attractive to many investors. A week ago, we wrote about how a man rediscovered a 150 kroner ($26.60) Bitcoin investment made in 2009 — by which time his 5,000 BTC hoard was worth 5 million kroner ($885,520).

A Bitcoin investor told CoinDesk that demand for the virtual currency has risen due to such positive media coverage over the last few weeks.

The 💜 of EU tech

The latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!

Bitcoin price soars over $266 and hits a new all-time high [CoinDesk]

Headline image via Shutterstock

Get the TNW newsletter

Get the most important tech news in your inbox each week.

Also tagged with