13 Jan '18, 11am

Everyone Is Getting Hilariously Rich and You’re Not via

SAN FRANCISCO — Recently the founder of something called Ripple briefly became richer than Mark Zuckerberg . Another day an anonymous donor set up an $86 million Bitcoin-fortune charity called the Pineapple Fund. A Tesla was spotted with a BLOCKHN license plate. There’s a surge in people looking to buy Bitcoin on their credit cards . After the Long Island Iced Tea company announced it would pivot to blockchain, its stock rose 500 percent in a day . In 2017, the cryptocurrency Bitcoin went from $830 to $19,300, and now quivers around $14,000. Ether, its main rival, started the year at less than $10, closing out 2017 at $715. Now it’s over $1,100. The wealth is intoxicating news, feverish because it seems so random. Investors trying to grok the landscape compare it to the dot-com bubble of the late 1990s, when valuations soared and it was hard to separate the Amazons and Goo...

Full article: https://www.nytimes.com/2018/01/13/style/bitcoin-milliona...

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Everyone Is Getting Hilariously Rich and You’re...

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