Bitcoin Market Cap Breaks $10 Billion

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Bitcoin’s fast-growing market capitalization has broken the $10 billion mark (data according to Coinometrics and Blockchain). The news comes just over ten days after our last report on Bitcoin’s market cap on November 14th, where it was reported that the market cap was $5 billion.

Twenty days ago, Bitcoin’s market cap was just over $3 billion, reflecting increased interest in the digital currency largely due to mainstream media reports and recent United States Senate hearings.

Here’s what the incredible growth looks like on a chart (courtesy: Blockchain):

The growth has many speculators concerned, particularly in the realm of sustainability. Can the virtual currency continue at this rate? Will it bust? Let us know your thoughts.