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What's Behind Bitcoin's Surge?05:59Download

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Gold-plated souvenir Bitcoin coins are arranged for a photograph on Nov. 20, 2017. (Justin Tallis/AFP/Getty Images)MoreCloseclosemore
Gold-plated souvenir Bitcoin coins are arranged for a photograph on Nov. 20, 2017. (Justin Tallis/AFP/Getty Images)

Despite many analysts seeing bitcoin as a bubble, the cryptocurrency continues to rally — hitting over $9,500 on Monday.

Here & Now's Jeremy Hobson speaks with The Atlantic's Derek Thompson (@DKThomp) about why bitcoin's price keeps going up, whether people actually use it and what banks are saying about it.

This segment aired on November 27, 2017.

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