Here's Just How Insane Bitcoin's Recent Rise Is

Started at $13 and now it’s kissing $1,000. The rise trounces even some of the hottest tech startups and most bubblicious companies ever. Here's how Bitcoin's rise compares with other big jumps in the tech space: The anonymous cryptocurrency hit $1,000 for one Bitcoin earlier today and is now at $969. This is way, way bigger than just about any one-year stock or commodity jump. The only problem: if you have a hoard of Bitcoin, it's really hard to turn into dollars, unlike, say, a publicly traded stock. But if you want to go to space , you're in luck. Coinbase / Via coinbase.com Amazon's stock was on such a tear that it made a young analyst named Henry Blodget's career. In December, 1998, he predicted it would hit $400 in a a year. It got to $400 in less than a month . In the year following March, 1998, the stock jumped more than 1,000%. Blodget was later banned from the se...

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28 November 2013 Last updated at 00:01 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print ...

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