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Investors who made bullish bets in bitcoin near its nascence may be getting the last laugh, as the digital currency, which has drawn skeptics, has raced to repeated records in recent trade.
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Trading at 2, The unmitigated ascent for bitcoin comes as virtual currencies broadly have been gaining more prominence, putting them on a tear since last yearwith cryptocurrency bulls pointing out stratospheric climb for bitcoin, compared with other traditional investments. As well, given the political tension in the U.
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Chris Dannen, founder of New York-based cryptoasset fund Iterative Instinct, said earlier this month that some of the recent run-up could have cryptocurrency trader resume caused by a handful of wealthy traders, awash in crytocurrency and moving prices to their advantage.
Manfred Hubner, chief executive officer at Sentix.
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