Bitcoin continues to soar in value and reached a milestone Monday morning when it passed $600 on the Mt. Gox Bitcoin exchange for the first time. Investors around the world have taken notice of Bitcoin’s value and are pouring money into the digital currency, which is designed to be as anonymous as cash.
How much money exactly? And what countries are investing in Bitcoin?
A map at fiatleak.com illustrates the answers to these questions. Using data from popular Bitcoin exchanges like Mt. Gox, Bitstamp, BTCChina, BTC-E, Bit2c, and Mercado Bitcoin BR, the map animates the real-time flow of the world’s currencies converting into Bitcoin.
The currencies are represented in red at the bottom, such as USD, EUR and CNY. When someone trades their money for Bitcoin, an icon flies from that currency to the country on the map. The value in Bitcoin is listed in green, and the current exchange rate for each country is listed in purple.
It seems like the majority of the activity comes from the US and China, with Australia, Japan, Europe and Brazil also regularly investing.
Check out the real-time map here.
What do you think about the Bitcoin phenomenon? Will you be investing some money in Bitcoin? Let us know in the comments.
Originally from Northern California, Ryan W. Neal came to New York to earn his master's in journalism from Columbia University. He joined IB Times April 2013, and is a writer...