With the recent implosion of bitcoin exchange Mt. Gox and the publication of a questionable story about the indentity of bitcoin creator Satoshi Nakamoto, bitcoin has stayed in the headlines these past few weeks. And while some commentators and skeptics have been quick to pronounce its demise at every turn, the value of the cryptocurrency has hovered between $600-700 a coin through it all.

Reason TV interviewed Mercatus Center policy analyst and bitcoin expert Jerry Brito in April 2013, and he predicted a long, lasting future for the technology. The original writeup is below:

Don't bet on the decentralized currency Bitcoin as a retirement investment, says Mercatus Center policy analyst Jerry Brito, but go long on it as the payment system of the future. Reason's Nick Gillespie talks with Brito, the editor of the new anthology Copyright Unbalanced, about Bitcoin bubbles and why governments are so afraid of this virtual payment system.