To help me make sense of it, I started calling cryptocurrency experts and academics to ask, is bitcoin just a dumb bubble, like th century tulip bulbs? An investment hedge, like gold? A currency, like dollars? The answers I got weren t satisfyingly unanimous. I heard "all of the above" and "none of the .It is being bought and sold by investors in a frenzy, driving the price higher and higher. Some leading economists and financiers are calling bitcoin a bubble and a fraud, but industry insiders say they think it s only going to get bigger as it gains more widespread acceptance. Powered by SmartAsset.com .Get exclusiveysis of bitcoin and learn from our trading tutorials. Joined.com for just $ now.Wouldn t it be nice to wake up every day and see your..And in the newborn s first days on earth, it more than doubled again, grazing $,. In all Going Mainstream. Bitcoin has provoked hysteria before. Over one stretch of , its price surged fold it crashed the following year after a of the exchange Mt. Gox shook the confidence of many early .
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The cryptocurrency's current price is completely unreal. Then again, so is money..
has become the year bitcoin went big. It started the year worth less than $, but has soared above $,. Back in .
Bitcoin is the currency of the Internet a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks..
Has become the year bitcoin went big. It started the year worth less than $, but has soared above $,. Back in , it was worth less than a dollar..