30 Dec '16, 3am

Bitcoin price surges to nearly $1K as year ends - New York Post

In a year when whipsawing markets are poised to end much higher, one of Wall Street’s most curious investments could come out on top: bitcoin. The digital currency is one of the best-performing assets of 2016, rising more than 124 percent since the start of the year — as investors in China and India push the price near all-time highs. That far outpaces other strong-performing investments, like the Dow Jones industrial average, which has risen a solid 13.7 percent this year, to 19,819.78. One unit of bitcoin rose to $967.99 by late Thursday, the highest level in nearly three years, and investors are waiting for it to cross the $1,000 mark. Bitcoin hit an all-time high of $1,137 on Nov. 29, 2013. “It’s gonna happen,” Marc van der Chijs, managing partner at CrossPacific Capital and a bitcoin investor, told The Post. “Whether it’s going to happen before Dec. 31, nobody really ...

Full article: http://nypost.com/2016/12/29/bitcoin-prices-surge-to-near...

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