Bitcoin has been making gains since April and is rallying in London having risen over 33 per cent in 30 days, according to the Coindesk bitcoin price index.
"Bitcoin is exciting because it shows how cheap it can be, it is better than currency because you don't have to be in the same place and of course for large transactions currency can be inconvenient." - Bill Gates
"The Japanese have recently warmed their approach towards bitcoin by treating it legally as a form of payment - a ratification and bringing into the regulatory fold. China's clampdown on exchanges can also be seen as a positive move for the industry too." said Charles Hayter.
Bitcoin recently has shrugged off China restricting trade, the SEC's rejecting of the two bitcoin ETFs, and threats from developers to create a "hard fork" that would split the cryptocurrency in two.
Bitcoin was created in 2009 and has a current Market Capitalization of $29,753,633,028.