The value of the digital currency Bitcoin has appreciated over the last few weeks as monetary worries in Europe drive people to look for alternative places to stash their savings.
As at the time of publication, Bitcoin exchanges show steep rises in the trading rates against real-life currencies.
Against the US dollar, Bitcoin has risen by over 74 percent at the Bitstamp exchange and it is up over 73 percent against the Euro at Mt Gox market.
It has also risen considerably against the Australian dollar.
It is deflationary by design with the rate of inflation halved every four years until there are 21 million Bitcoins in circulation.
The total value of the Bitcoin currency has risen to around US$818 million presently, with trading volumes on the increase.
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