Over the final couple of weeks, everybody has been weighing in about Bitcoin, the electronic currency that might be the cash of the future, or a bubble bursting right in front of us. Following becoming worth only $30 in March, on Wednesday, Bitcoin attained an all time higher of $266, then plummeting to just over $100 in a couple of hours, and now stabilizing around $120. When Bitcoin’s price started to improve unexpectedly, it became the one factor everybody in Silicon Valley was talking about. (For those who don’t know what Bitcoin is, this video describes it completely in three minutes).
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JK: As it evolves and it gets to be much more genuine, you’ll see more competition, but I got a lot of support when we experienced issues last year, I made a great deal of great friends like Charlie Shrem from BitInstant. Correct now it’s accurate that some people hate every other, but we all want to see it succeed. When some thing bad occurs it makes the entire place look poor, so it displays on all of us.