Tuesday, June 14, 2016

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.)

Bitcoin Surges to Two-Year High as Supply Seen Shrinking in July


Chinese buyers push bitcoin price to highest level since Mt. Gox blowup

Published: June 13, 2016 1:56 p.m. ET
Joseph Adinolfi

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