We thought Bitcoin's value would continue to collapse, but so far that hasn't happened. Instead, after hitting a low of $2, it rose back above $3 in early December, and on Monday it rose above $4 for the first time in two months. It's impossible to predict where the currency will go next, but at a minimum it looks like the currency will still be around in 2012.
Surprised I haven't seen this posted here but ars ran an article on bitcoin dec 21
for those who prefer wired.com formatting:http://www.wired.com/threatlevel/2011/12/bitcoins-comeback/
for those who prefer ars technica formatting:http://arstechnica.com/tech-policy/news/2011/12/bitcoins-comeback-should-western-union-be-afraid.ars