Winklevoss twins back bitcoin as bubble bursts of electricity

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The argument for why it's not a bubble - bitcoin is based on a revolutionary technology. So I mean, should people invest in bitcoin? So - and later this month, there are going to be two major exchanges in the U.

NPR's Uri Berliner is here with us now to talk about it. Investors just keep pouring in, buying bitcoin, especially in Asia, in countries like Japan and South Korea. And bitcoin believers point out that this currency's not tied to the whims of any government. Nothing can go up the way it has. Accuracy and availability may vary.

This year, the price of the digital currency bitcoin has gone up more than 1, percent. NPR transcripts are created on a rush deadline by Verb8tm, Inc. And bitcoin believers point out that this currency's not tied to the whims of any government.

Facebook Twitter Flipboard Email. But really there's no guardrail with bitcoin. That's because all bitcoin transactions need to be verified. Here's the bubble argument.

So - and later this month, there are going to be two major exchanges in the U. Remember; bitcoin has only been around since right after the financial crisis, so it had some really dodgy early moments and then this incredible run-up in prices. That gives you a sense of how risky these assets might be.

And you can't really use it like regular money. He famously called bitcoin a fraud. It was created right after the financial crisis, so it's still new.

You can't use bitcoin to go out and buy a burger. So explain what's happening. That gives you a sense of how risky these assets might be.

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