Bitcoin: Tulip mania of the internet age

For us internet citizens, the story of the past couple weeks is bitcoin. It’s a virtual currency originally targeted towards anti-establishment libertarians and people looking to pay for things online that Visa and Mastercard won’t allow (read: illegal things). Ron Paul supporters who hate central banking, Wikileaks supporters trying to donate when major banks and credit card companies embargoed the site, and millennial hackers all got on board and kept the idea alive.

It’s now gone mainstream, as the first trimester of 2013 has seen an epic rise in what people will pay for a bitcoin. Observe:

Bitcoin over the past four months (wowza!)

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