To say that the price of bitcoin has been interesting lately is a bit of an understatement.
In fact, the price of bitcoin has gone up a whopping 45 percent in the past month (based on data from BitStamp). To outsiders and those unfamiliar with the digital currency, that could come as a shock. For community members, however, it’s all part of the excitement.
The recent price surge has prompted many to wonder whether we could be entering the next big bitcoin bubble. One part of that could include a price jump past $1,000 — and so we asked you whether you thought this was a possibility this month.
The opinions among you folks were just about split down the middle. In total, there were 347 votes, and 51 percent (177 votes) said that yes, they thought the price of bitcoin would reach $1,000 this month.
The other 49 percent (170 votes) said they didn’t think we’d reach $1,000 this month. So far, we have not.
At last check, we’re looking at a rate of $657 — again, BitStamp data — down about 0.74 percent in the past twelve hours.
The recent price increase could have very well been helped by the slew of good news we’ve been hearing lately, which includes Dish Network’s announcement of future acceptance of the digital currency. Another news item widely seen as good: eBay CEO John Donahoe’s hint (once again) that PayPal will have to be integrating digital currencies.
Which brings me to this week’s poll:
On one hand, you have the camp of folks who say this could be great as PayPal is widely used for money remittance all around the world.
On the other hand, you have the folks who would think PayPal’s digital currency integration would simply work to centralize bitcoin, for example. As we’re all well aware, one of bitcoin’s major selling points is that it’s decentralized.
Giving PayPal control over bitcoin’s core features (such as freezing accounts, charge-backs, etc) by allowing it to work through their system could have dire consequences.
What do you think?