Consider this. Early this year, you could buy one Bitcoin for US$13. By April 9, it changed hands for $230, an all-time high for this digital currency. Among the factors which may have contributed to the rise were the European sovereign-debt crisis, particularly the Cypriot financial crisis, its improving legal standing and rising media and internet interest.
If the Bitcoin network keeps churning out the virtual currency as planned, by 2140, there will be 21 million Bitcoins in circulation worldwide. That's $2.97 billion in today's Bitcoin value. And that's it, not a coin more will be digitally created.
On Friday, at least two firms announced plans to ship out Bitcoin ATMs in the coming months. Robocoin, the Las Vegas-based firm rolling out the world's first Bitcoin ATMs in Canada this autumn, plans to ship 12-15 of the units by year-end, according to the Time website.
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