Financial experts and the supporters of online currency, Bitcoin are still confidence over the future of the currency even after the collapse of Mt. Gox of Torkyo, which was of the world's largest exchange for digital currency transactions.

The government said that it will look at factors that resulted in the closure of the exchange, which was the leading exchange for bitcoin virtual currency. The currency did not have much value earlier but its value increased significantly after online traders began using it for business purposes. The value of increasing popular cyber currency, Bitcoin has risen to the mark of $1,000 for the first time since it was created.

Mt. Gox's closure led to many investors becoming creditors as it filed for bankruptcy on Friday. Several investors, who were attracted by transparency and a lack of central or official control over the currency, lost a portion of their investment into the currency.

The currency can be bought, sold and even 'mined' by cyber enthusiasts who use powerful computer hardware and software resources who solve maths problems. Bitcoins only as units of digital data and are not backed by a central bank but the currency has been gaining popularity and recognition among the online users community across the world.