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As Bitcoin Scrapes $10,000, an Investment Boom Like No Other

The New York Times,
by NATHANIEL POPPER

SAN FRANCISCO — Digital gold. The new tulip mania. A virtual currency.

Whatever you want to call it, Bitcoin is on an extraordinary run, with the price of a single Bitcoin crossing $10,000 on some exchanges for the first time on Monday — less than two months after it crossed $5,000 for the first time.

It is a bull market with few precedents in recent investing history. The Dow Jones industrial average, in its biggest year, 1915, went up 82 percent, or one-tenth as much as Bitcoin has gone up this year. Amazon’s red-hot stock is up only one-fifteenth as much as Bitcoin this year.

https://www.nytimes.com/2017/11/27/technology/bitcoin-price-10000.html?rref=collection%2Ftimestopic%2FBitcoin&action=click&contentCollection=timestopics®ion=stream&module=stream_unit&version=latest&contentPlacement=1&pgtype=collection

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