Bitcoin Hits Highest Levels In Almost Three Years (reuters.com)

Digital currency bitcoin hit its highest levels in almost three years on Friday, extending gains since India sparked a cash shortage by removing high-denomination bank notes from circulation a month ago. From a report on Reuters: Bitcoin was trading as high as $774 on the New York-based itBit exchange, up almost 1 percent on the day and the highest since February 2014, having climbed almost 9 percent in the past month. It has climbed around 80 percent so far this year, far exceeding its 35 percent rise in 2015.

Comments

Pump and Dump

[MMC Monster]

having climbed almost 9 percent in the past month. It has climbed around 80 percent so far this year, far exceeding its 35 percent rise in 2015.

Don't forget mentioning that it may actually make up all the losses from 2014.

I like the idea of Bitcoin. It's fantastic.

But in reality it's still trading more like a commodity than a currency. Sort of like how Susan B. Anthony dollar coins are more hoarded than used as actual currency.