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Back to To the Point

To the Point

Is the Bitcoin a Boom or a Bubble?

The price of a Bitcoin has jumped from $13 at the start of this year to more than a thousand, and it's still rising. Congress and federal regulators are beginning to pay attention. There already are Bitcoin millionaires — and Bitcoin criminals -- even though most people don't understand what a Bitcoin is.

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By Warren Olney • May 12, 2014 • 1 min read

The price of a Bitcoin has jumped from $13 at the start of this year to more than a thousand, and it's still rising. Congress and federal regulators are beginning to pay attention. There already are Bitcoin millionaires — and Bitcoin criminals -- even though most people don't understand what a Bitcoin is. We hear about digital currency, controlled and stored in computers and traded across the Internet as a way to make payments. How does it work? Is it really safe? Is the value of Bitcoins subject to the old adage: what goes up must come down?

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    Warren Olney

    former KCRW broadcaster

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    Jenny Hamel

    KCRW

  • KCRW placeholder

    Andrea Brody

    Senior Producer, KCRW's Life Examined and To the Point podcast

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    Gideon Brower

    Independent Producer

  • KCRW placeholder

    Bob McMillan

    reporter at the Wall Street Journal

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    Patrick Murck

    Bitcoin Foundation

  • KCRW placeholder

    Nicholas Weaver

    International Computer Science Institute

    NewsNationalPolitics
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