The virtual currency Bitcoin has been trading at record highs.<br /><br />Bitcoins were trading at more than $1,000 dollars (735 euros) a piece on November 28 – up from just $13.30 (approximately 9.8 euros) at the start of 2013.<br /><br />But Mike Ingram, a Senior Strategist at BGC said there was a long way to go before it was widely accepted:<br /><br />“We certainly need to see the value of a Bitcoin showing a great deal more stability before it can gain broad acceptance. That of course would mean it would tend to drive up the price of Bitcoin, so it’s a little bit of a chicken and egg situation.”<br /><br />Introduced in 2008, there are now an estimated 12 million Bitcoins in circulation online.<br /><br />The first Bitcoin ATM opened in Vancouver last month and there are plans for several more across Canada.
