24 Oct '13, 6pm

Bitcoin mania is back!: The price of Bitcoins is on the rise again. But are they destined to plunge? Maybe not.

The price of Bitcoins are on the rise again. But are they destined to plunge? Maybe not. The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks. Remember that Bitcoin bubble? The price of the virtual currency rose as high as $266 in early April when everyone was worried that problems with banks in Cyprus could lead to a huge euro disaster. The mainstream media (CNNMoney included) started doing stories about investors snapping up bitcoins, and bars and doctors accepting payment via the digital currency. It became clear that Bitcoin was starting to look a bit like the 21st century version of tulip mania. The Cyprus crisis ultimately ebbed and the value of bitcoin promptly plunged to $54 from $266 in a matter of da...

Full article: http://buzz.money.cnn.com/2013/10/24/bitcoin/?section=mon...

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Bitcoin mania is back!: The price of Bitcoins i...

buzz.money.cnn.com 24 Oct '13, 6pm

The price of Bitcoins are on the rise again. But are they destined to plunge? Maybe not. The opinions expressed in this co...

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The price of Bitcoins are on the rise again. But are they destined to plunge? Maybe not. The opinions expressed in this co...

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