Forbes: What is happening to the price of bitcoin?

[The Buzz]

Good read yesterday from Forbes.com, which asks the same four questions to major exchanges in the U.S., South America, China, and to Ark Investment Management:

1. What caused the price growth over the last eighteen months?
2. What caused the recent price spike and following volatility?
3. Do you think the price is stable where it is now?
4. How has it affected your company?

Everyone seems to agree that the price rise is based on Bitcoin's fundamental value proposition. The world has agreed the coins are worth something, and that is based on a combination of Bitcoin's utility as a means of transferring payments, as well as serving as a store of value. Despite the lack of a central authority guaranteeing the coin in the same way a fiat currency is created, there were $128 million in transactions the day I wrote this article, and there has been in excess of a billion dollars invested in blockchain technology companies, many of which I’ve covered here.

Here is a link to the entire article: http://www.forbes.com/sites/jonathan.../#15d69d1d7b75