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 The crypto fanatics making millions and looking to change the world

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RR Phantom

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Location : Wabbit Hole
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PostSubject: The crypto fanatics making millions and looking to change the world    Sun Jan 14, 2018 8:08 pm

Recently the founder of something called Ripple briefly became richer than Mark Zuckerberg. Another day an anonymous donor set up an $US86 million ($109 million) bitcoin-fortune charity called the Pineapple Fund. A Tesla with a BLOCKHN license plate was spotted. There's a surge in people looking to buy bitcoin on their credit cards. After the Long Island Iced Tea company announced it would pivot to blockchain, its stock rose 500 per cent in a day.



In 2017, the cryptocurrency bitcoin went from $US830 to $US19,300, and now quivers around $US14,000. Ether, its main rival, started the year at less than $US10, closing out 2017 at $US715. Now it's over $US1,100. The wealth is intoxicating news, feverish because it seems so random. Investors trying to grok the landscape compare it to the dot-com bubble of the late 1990s, when valuations soared and it was hard to separate the Amazons and Googles from the Pets.coms and eToys.

http://www.smh.com.au/business/markets/the-crypto-millionaires-looking-to-change-the-world-20180114-h0i8b4.html
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