Happy Thanksgiving Bitcoin. The value of the so-called cryptocurrency surged above $1,000 as it becomes easier to use as a way to pay and easier to access for investors looking for an alternative to gold.
One Bitcoin was briefly worth $1.073 on Wednesday, up from less than $100 earlier this year, according to Mt. Gox, which hosts and operates a popular Bitcoin trading platform. Later in the day it dropped back to $930.
"Bitcoin is just starting to break out into the mainstream," said Eric Tilenius, executive-in-residence at Scale Venture Partners, who has a small percentage of his investment portfolio in the digital currency.