The virtual currency Bitcoin, a decentralized form of money that approximates cash on the internet, has never been worth more. The price of a single bitcoin has soared above $1,000 on Mt. Gox, one of the main exchanges where the currency is bought and sold. As of this writing, the price is $1,020 on Mt. Gox but is averaging closer to $945 on other exchanges. This means the total market is worth around $11.4 billion.
Did Bitcoin just beat Paypal? [Infographic] by the team at Bitcoin Examiner