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Bitcoin Value Soars And DropsThe New York Observer’s Jessica Roy profiles of EVR, the first gastro-pub/bar to accept Bitcoins in NYC and BitInstant, the Bitcoin startup that makes it easy for people to use the crypto-currency.

“I went to Sand Hill Road in Silicon Valley, and every investor knows what bitcoin is and they’re all trying to invest,” Mr. Shrem explained. “Lightspeed, Greylock, Fred Wilson’s company [Union Square Ventures]—they all want to get involved, it’s crazy. And I’m like, ‘Guys, where were you two years ago?’”


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