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I guess Bitcoin's finally made it to the big leagues.

It's similar to every single day's coverage of financial stocks -- "The stock is up 1% on the expected change in the price of tea in china."

Worthless.

That's the first impression I got from it as well.

I think there's another factor that is driving the price up more than anything else - serious hoarding by people who are just now beginning to understand the system and how it works.

I'm not sure they actually do. What people see is a virtual commodity that seems to be worth a lot of non-virtual money when bought low and sold high.

Ya, the Stossel Show on Fox re-aired at around the time of the spike and a Libertarian was telling a bunch of folks to get into Bitcoin. My hunch is this was more influential in getting ma & pop to invest in bitcoin given Fox's viewership.

Any talk like that is fundamentally flawed, because the market price is simply a reflection of individuals buying and selling. No one has the information about the motivations behind every single buy and sell.