Bitcoin is the popular online currency that is taking the world by storm. The coins first became popular when it was used on the infamous Silk Road website, where users could purchase drugs. It is used by a brothel in the U.K. for clients to be able to anonymously pay for their philandering.

However, Bitcoin is popular somewhere else these days, and believe it or not, it’s on an exchange. The company is traded on the Mt. Gox exchange, and its stock has recorded a stellar rise on the street so far this year. The company has recorded an increase in share price of more than 7,600 percent this year, and it broke another record today.

For the first time, bitcoin broke the $1,000 per share price barrier, and reached as high as $1,030. This is a massive increase from its December 31st close of just $13.27 per share.

Bitcoin is part of a growing trend of digital, online currencies that are finally gaining acceptance as payment forms. The U.S. government held a Senate hearing on November 18th at which Bitcoin was explained, along with other forms of virtual currency. The hearing was set to determine whether the U.S. government would attempt to stop mainstream acceptance of the currency, or allow it to be used. According to the outcome of the meeting, Bitcoin was embraced, once it was fully explained to the committee set to hold the hearing.

Ben Bernanke, the Federal Reserve Chairman, has already voiced his support of Bitcoin. His letter to the Senators said:

Vice Chairman Alan Blinder’s testimony at that time made the key point that while these types of innovations may pose risks related to law enforcement and supervisory matters, there are also areas in which they may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.”

This support of the digital currency by the U.S. markets has marked a milestone for Bitcoin, contributing to its rise to new highs. Since its open, the day after the hearing, the currency has risen by close to 30 percent.

Disclosure: Author represents that he holds no position in any of the stocks mentioned in this article at the time of submission.