Bitcoin (http://en.wikipedia.org/wiki/Bitcoin) is open source P2P money that firstly mentioned in a book named “Bitcoin: A Peer-to-Peer Electronic Cash System” by Satoshi Nakamoto in 2008. It can be exchanged by downloading P2P programs from bitcoin.org and through hosting services like ClearCoin as well as bitcoin currency trading center.

Such kind of money was produced to alleviate remittance on the Internet in a more convenient and cheaper fashion. Though Bitcoin has been involved in illegal deals such as smuggling, gambling and drug trafficking, the value of Bitcoin has taken off as of the second half of 2012, making the financial instrument become a financial stunner for speculators. Today, it hits the record again, clocking in at around $264 USD per coin regardless of slight falls before and even the decreasing transaction volume, which is not normal from the historical perspective.
Here’s the contrast chart to illustrate the bubble in a clearer way:

Joe Weisenthal commented at this:” The currency has been surging several percent every day lately, and that’s evidence that it’s not in a bubble?”

Since Bitcoin does not have the real value like USD does while steep rise in its value occurs, most people consider the Bitcoin bubble age has come. As to the exact reason for such odd ascent, it is not clear yet. But speculative spirit, false account or the manipulation by big investors can be one of the reasons.

However, Alex Wilson, CEO of VilmaTech Online Support has said in an interview that cyber criminals begin to covet the bitcoin and have released malware and virus to cheat PC users money and bitcoin. CryptoLocker ( click here to view the removal guides) is one of the viruses which desgined by the criminals in order to steal people’s money. The new current price of Bitcoins has been significantly increased from 2 Bitcoins to 10 Bitcoins. It is about $400 USD to over $2,100 USD.