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Bitcoin becomes more recognizable to the new customers day by day. The growth of its popularity around the world and increasing number of payment has raised the price of virtual currency to record levels.
Bitcoin price analysis
Newest information of bitcoin prices is above $320 on Bitcoin charts, $353 on Mt. Gox. Only a month ago there were no signs of such a growth. Moreover bitcoin prices went straight down to $ 103 on 2nd October, the day of the news about Silk Road Website closure. But now Bitcoin cost increased 20 times since the beginning of the year and prices continue to grow, leaving $300 level far behind. Most of analysts attribute this success to the growing demand for the currency by the Chinese but it certainly is not the only one reason.
Meanwhile, there are various opinions that bitcoin prices may collapse as it was in April. However bitcoin has acquired new investors and authorities positive attitude. FBI made a lot of raids after Silk Road closure and different control and bitcoin protection acts have been taken. Even if the following bitcoin price collapse will come the results should not be the same dramatic as before.
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