Bitcoin Surges in Value -- Too high too quickly?
Over the past couple days Bitcoin has surged in value and may continue to rise
The leading cryptocurrency's value has risen by several hundred USD each day since early October 12th.
On October 13th, prices rose and fell dramatically but roughly levelled off around $5,600.
As with any market, the causes are subject to speculation, but key theories are that this is a rally to Bitcoin's true value following the events in China and the subsequent selling frenzy.
Another theory, which is not mutually exclusive, is that Japan's increased presence in the market shows proof that interest in Bitcoin will remain high despite attempts at control and interference from national governments.
Many are hopeful the cryptocurrency will continue to skyrocket and carry similar currencies with it.
What remains is subject to speculation.
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