Bitcoin continues the dream run

Bitcoin continues the dream run as the Japanese investors flock the virtual currency and on signs of wider acceptance in India and Russia.

Bitcoin on the Bitstamp exchange hit a record high of 1653.97 on Monday and look set to peep above the same in the Asian session.

The rally has been largely fuelled by Japan officially acknowledging the use of the cryptocurrencies. The nation also passed legislation allowing retailers to accept payment in digital form.

The Bitcoin's market cap is now north of $23 billion. Russia and India have loosened restrictions as well.