(scheduled draft) Bitcoin Surges Past the Price of Gold at $1,300 per coin

I’m reserving this post title so I can hopefully be one of the first people to break the news when (if) this happens. Obviously, I am bullish on bitcoin. :)

For the last few months I’ve been telling my friends I was pretty sure bitcoin was going to hit $300 by the end of 2013. This last week bitcoin surged to $395 on Mt. Gox and $430 on BTC China. The growth of bitcoin has been violent. Some of my affluent friends have been trading the bubble like crazy and have become even more affluent. One thing is certain — everyone I know who cares about bitcoin wishes they had more bitcoins.

This massive growth in price in such a short time has led me to consume tons of information on bitcoin. I spent the weekend pouring through Reddit, Bitcoin Talk, and Let’s Talk Bitcoin. They have been great sources of facts, news, and opinions.

I have also had a ton of fun reading through old forum and blog posts of people talking about bitcoin. Some posts dated even within the last 12 months read like an entirely different era.

One of my favorites from 2012:

Warning, Sell your bitcoins ASAP before we break the $5.00 wall

And here’s a fun Twitter account I found, took me a second to realize the last tweet was in 2011:

https://twitter.com/bitcoinanalysis

It’s been exhilarating to watch bitcoin grow over the last couple of years. To keep growing, bitcoin could really use:

• More exchanges and more arbitrage
• More companies like Shopify jumping on board
• More well funded venture-backed companies building products with great use-cases focused around bitcoin
• More CS grads like Andreas supporting the cause

This time next year a lot of bitcoin enthusiasts are are either going to be really happy or really sad, but one thing is for sure, things are going to be different for bitcoin in a big way.

@kirkouimet on Twitter