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 Bitcoin passes $10,000

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PostSubject: Bitcoin passes $10,000   Tue Nov 28, 2017 8:17 pm

Bitcoin has doubled in value over the last three months.




Silicon Valley’s obsession with cryptocurrencies requires no more evidence than the incredible rise of bitcoin, the alternative currency that crossed $10,000 in value on Tuesday in what is a watershed moment for the nine-year-old cash substitute.

Bitcoin has now doubled in value over the last three months — a run fueled by new interest from institutional investors like venture capital firms but also old passion from longtime enthusiasts for a once-niche payment platform. China, however, remains a looming threat.

“You’re seeing a wall of capital moving in — and if you’re looking at the fundamentals, it’s pretty stable underneath,” said Miko Matsumura, who founded a cryptocurrency exchange and has invested in several funds and startups centered around bitcoin. “You can’t have the phenomenon without both sides.”

https://www.recode.net/2017/11/28/16709510/bitcoin-cryptocurrency-blockchain-10000-chart-value
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