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Bitcoin value has gone through the roof. Is it a good investment or a bubble waiting to burst?
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This is an archival story that predates current editorial management.

This archival content was originally written for and published on KPCC.org. Keep in mind that links and images may no longer work — and references may be outdated.

Dec 8, 2017
Listen 18:47
Bitcoin value has gone through the roof. Is it a good investment or a bubble waiting to burst?
The infamous cryptocurrency, Bitcoin, has exploded into mainstream.
LONDON, ENGLAND - DECEMBER 07:  A visual representation of the digital Cryptocurrency, Bitcoin alongside a selection of fiat currencies on December 07, 2017 in London, England. Cryptocurrencies including Bitcoin, Ethereum, and Lightcoin have seen unprecedented growth in 2017, despite remaining extremely volatile. While digital currencies across the board have divided opinion between financial institutions, and now have a market cap of around 175 Billion USD, the crypto sector coninues to grow, as it continues to see wider mainstreem adoption. The price of one Bitcoin passed 15,000 USD across many exchanges today taking it higher than previous all time highs.  (Photo by Dan Kitwood/Getty Images)
A visual representation of the digital Cryptocurrency, Bitcoin alongside a selection of fiat currencies on December 07, 2017 in London, England.
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Dan Kitwood/Getty Images
)

The infamous cryptocurrency, Bitcoin, has exploded into mainstream.

The infamous cryptocurrency, Bitcoin, has exploded into mainstream.

Recent market estimates value the digital currency at $16,000 – which is about $1,000 higher than it was last year.

Additionally, websites like Expedia.com – and even Microsoft – have begun accepting Bitcoin as a method of payment.

Even still, some continue to hold on to their reservations and say they expect the “Bitcoin bubble” to burst. Given its recent success, do you consider Bitcoin to be a good investment opportunity? Why or why not?

Guests:

Meltem Demirors, director of  Digital Currency Group, an investment firm based in New York

John Authers, senior investment commentator at the Financial Times

Credits
Host, AirTalk
Host, All Things Considered, AirTalk Friday
Senior Producer, AirTalk & FilmWeek
Producer, AirTalk with Larry Mantle
Producer, AirTalk with Larry Mantle
Associate Producer, AirTalk & FilmWeek
Apprentice News Clerk, AirTalk
Apprentice News Clerk, FilmWeek