The price of bitcoin first exceeds the $ s1.000

The bitcoin hit a high of $ s1.073 Mt Gox held in Tokyo, the best known operator of a digital market for this type of exchange , an amount that is compared with the nearly $ s900 the day before.

Earlier this month , the bitcoin , a leading digital currency that is not backed by a government or central bank, is trading at about $ s215 . The coin was created by an expert ( or panel of experts ) in anonymous computing known only by his pseudonym Satoshi Nakamoto .
The bitcoin trades 24 hours a day , every day. The supply of the currency , which is extracted by solving math problems is limited and recently was 12 million bitcoins , they would have a value of $ s12.900 million given recent prices.
The digital currency is not backed by physical assets and is not directed by a person or group . Its value depends on the confidence of the people in the currency . It has gained acceptance in the general public and the investment community but it is still not accepted as payment at websites of major retailers like Amazon.com .
The growing interest in virtual currency has led to an ATM bitcoin in a cafe in Vancouver , Canada, in October, the first in the world was installed.
This month, the U.S. Senate held a hearing on virtual currencies , with some government officials expressing concerns about its use in illegal activities and that there is a lack of regulatory oversight.
But bitcoin advocates noted that Senate hearing gave greater legitimacy to the currency, partly boosted earnings. The growing popularity of the currency in China also helped boost its value.
" It's not just the community saying that bitcoin bitcoin is used for good and there is great potential . We have members of Congress and government agencies that match ," said Jinyoung Lee Englund spokesman Bitcoin Foundation in Washington.
Several bitcoin users value their anonymity. But others pointed to the volatility in currency prices .
" A class of sparse and highly liquid asset is the perfect environment for a rapid escalation in the value and corrections ," said Sebastien Galy , currency strategist at Societe Generale in New York.