Mail & Guardian

No stopping Bitcoin

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Bitcoin breached the $64 000 level for the first time as investor demand for all things crypto surged amid Coinbase Global’s public debut. The direct listing of the biggest United States crypto exchange is allowing for more mainstream investing, exposing legions of potential buyers to the digital asset class that have grown into a $2-trillion industry in little more than a decade.

Bloomberg reported that Bitcoin, the original and biggest crypto coin, is valued at more than $1-trillion after a more than 800% surge in the past year and if Coinbase is valued at $100-billion it would be worth more than the New York Stock Exchange and Nasdaq Stock Market combined.

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