【2004 Archives】

Bitcoin004 Archiveson the up and up.

SEE ALSO: North Korean hackers stole $88,000 in bitcoin over the last 2 years

Only a few months ago the digital currency was priced at around $1,200. In the short time since the price has jumped to more than $1,400, according to the CoinDesk Bitcoin Price Index.

Original image has been replaced. Credit: Mashable

To put that price into perspective, at this time last year one Bitcoin was worth about $400. The more-than-tripling in value coincides with Donald Trump's election, which pushed people into alternative currencies. (It also helps that the American dollar is still going strong.)

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As CoinDesk noted, this is an "all-time high" for the cryptocurrency, which saw a big increase at the beginning of the year before falling off and then rebounding — with a vengeance.

The currency had dropped in March when the Winklevoss twins, entrepreneurs Tyler and Cameron, attempted to create an exchange-traded fund for Bitcoin. The SEC shut that down, and Bitcoin is clearly doing just fine.

One Bitcoin: That's a lot of light blue "Make America Great Again" hats from Trump's online gift shop.

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