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Bitcoin is back, thanks to its spiraling price, and The Wall Street Journal, the U.S. largest financial newspaper, took note today with a headline proclaiming: “Bitcoin Frenzy Back As Epic Bust Fades.” The article notes that this week’s 50 percent price jump recreates scenes from 2013 and explores the question of history repeating itself. The publicity in 2013 pushed speculative buying which drove the price from $13 to $1,100 before crashing. The reporter, with a careful eye to recent news, notes early on that bitcoin’s price volatility is currently overshadowing a steadily growing interest in the block chain’s application […]
The post The Wall Street Journal Weighs In On Bitcoin’s Surge And What It Might Mean appeared first on CCN: Financial Bitcoin & Cryptocurrency News.