Bitcoin {BTC} has put recent setbacks behind it and smashed through the US $ 1,400 barrier to currently rest at US $1,407.

This is despite recent moves by the Chinese government to prevent trading and speculation in Bitcoin.

Bitcoin {BTC} has put recent setbacks behind it and smashed through the US $ 1,400 barrier to currently rest at US $1,407.

This is despite recent moves by the Chinese government to prevent trading and speculation in Bitcoin.

Other crypto currencies are also rising quickly, in particular Dash, and one wonders whether this is another mania, or genuine investment?

Time will tell.