The mysterious creator of bitcoin is sitting on a $700 million fortune
Bitcoin is soaring.
The digital currency is on a powerful upward trajectory,
jumping in value by well over 30% in the space of a month. On
Monday, the price peaked at $719 - far, far above the $200-mark
it was languishing at in August 2015. (As of writing, it sits a
little below this week's high, at $690.
This bullish period - which comes shortly before the supply of
new bitcoin is due to be halved due to a programmed rule - is
making a lot of bitcoin-owners very happy, with the value of
their holdings increasing by significant double-figures
percentage-points. The value of the digital currency hasn't been
this high since February 2014, when it was trending downwards
from all-time highs of around $1,100. (All data comes via
CoinDesk's price
analysis tool.)
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Chinese buyers push bitcoin price to highest level since Mt. Gox blowup
Published: June 13, 2016 1:56 p.m. ET
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