Bitcoin Prices Surge 26% in November, Pass $8000 (bloomberg.com)

Bitcoin's value has increased more than 26% in less than three weeks, writes Bloomberg. An anonymous reader quotes their report: Bitcoin topped $8,000 for the first time, as investors set aside technology concerns that had derailed its advance earlier this month. Bitcoin rose 4.8 percent to $8,071.05 as of 7:17 a.m. Sydney time on Monday. It's now up more than 700 percent this year after shrugging off a tumble of as much as 29 percent earlier this month. It's been a tumultuous year for the largest cryptocurrency, with three separate slumps of more than 25 percent in value all giving way to subsequent rallies.

Comments

forking to survive bubble bursting?

[Anonymous Coward]

Just be aware that due to its flawed design, eventually it will collapse.

I get your point, however the forking thing (that happened? or unhappened? or the 2nd variant unhappened?) seems interesting. Buy a bitcoin today, and though it may eventually collapse, your original/2017 version partially transmogrified several times over the decades into 31 versions that failed and 13 that won't fail until a century after you die.

Interesting to watch.