Bitcoin, which came into existence in 2009, isn’t controlled by any authority such as a central bank. In the recent past, the currency has gained notoriety for its use to buy illicit goods such as drugs on websites such as Silk Road, which was recently shut down by U.S. authorities. However, it is increasingly being accepted by legitimate businesses around the world.
As of Tuesday morning, Bitcoiniacs reported that it was buying bitcoins for $183.21 each and selling them for $207.37 to $211.32. The virtual currency's value has swung wildly in the past year, starting at $13 in January and hitting a high of $266 in April.
A $1 million flipped in today's volatility would have netted you a profit of $288,888.88 (how's that for HAM oriented lucky numbers?).
Anyone know of any who already have?
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