The value of a single bitcoin has somewhat stabilized ever since rocketing upward in the final months of 2013.
Bitcoin hovered around the $800-$900 mark for much of January 2014. The relative stability of Bitcoin that month contrasts with the rapid increase in value it experienced in the final months of 2013 where it went from around $100 in October to more than $1,200 in November.
Bitcoin briefly surpassed the value of gold on Nov. 29, with the value of a single bitcoin reaching $1,242 to a single ounce of gold's $1,241.98. Bitcoin's value hovered around $1,000 during the first week of December 2013 before dropping below $800 amid the new restrictions placed upon it by China's government.
"Clearly, bitcoin is no longer a penny stock. It's playing in the big leagues—a share being worth more than a share of Google or Apple, and even more then an ounce of gold." Erik Vorhees, SatoshiDice founder
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