The price of bitcoin has been on a tear over the last few days, jumping from around $US9,000 in late January to a record high of $US2,839.50 today.
The currency is also gaining momentum with bitcoin’s founder and CEO, Peter Todd, announcing that he is set to make a public appearance in Hong Kong on Tuesday.
In an interview with the Wall Street Journal, Todd said he had been working on the currency for “about three years”, adding that it would be “in line with the vision of the company”.
Todd said that he wanted to “build a better, faster, more secure and more open digital currency”.
Todd told the Journal that he had a vision of making a “digital asset that people trust”.
He also suggested that bitcoin could become the new gold, saying: “The future of bitcoin is gold.”
Todd said that the company’s plan to “bring bitcoin to everyone” was based on the “big picture of a digital currency”, but also on the idea that “there’s a real opportunity to reinvent how the internet works”.
“Bitcoin has to be the future of money,” he said.
“We’re trying to build a better digital currency, but we’re not just talking about Bitcoin right now.”
Bitcoin has been a volatile currency since its inception in 2008.
Its value has fluctuated widely, but its value has been inversely proportional to its market share.
The cryptocurrency is valued at around $30bn.
The value of a bitcoin has quadrupled since it was introduced in 2008, reaching $US5,000 at the height of the bubble.
Todd’s announcement that he was coming to Hong Kong came as part of an international tour of Asia and the Middle East.
The currency has become a magnet for investors in recent years.
The price rose over a decade ago, but then began a steep decline.
In February this year, the value of bitcoin fell below $US3,000, before recovering to around $2,500 at the end of the month.
Todd said on Wednesday that the currency was now at around its all-time high, and was now trading at around the level of its peak of $4,400 in late February.
In the interview, Todd also discussed his recent comments on social media, where he was criticised for calling on the government to step in and ban cryptocurrency exchanges.
“And it’s going to drive people to use less bitcoin because people are afraid to hold it.””
He also said he did not support the idea of a cryptocurrency ban, arguing that it “doesn’t address the real problem”.””
And it’s going to drive people to use less bitcoin because people are afraid to hold it.”
He also said he did not support the idea of a cryptocurrency ban, arguing that it “doesn’t address the real problem”.
“It’s about making it illegal, and I think we should be looking at other things,” Todd said.
“This isn’t about bitcoin.
Todd also said that bitcoin was “really important for the global economy” and that he believed that “the global economy is a global economy”, adding: “We can’t let our eyes deceive us.” “
So, the real issue is about making bitcoin more secure, more reliable, more transparent.”
Todd also said that bitcoin was “really important for the global economy” and that he believed that “the global economy is a global economy”, adding: “We can’t let our eyes deceive us.”
Bitcoin was briefly banned by China on Thursday, following a crackdown on digital currency exchanges.