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“It has been branded “a fraud” by its critics, and its sharp price rise during 2017 has been likened to the 17th century tulip craze. But love it or hate it, bitcoin has defied naysayers and delighted proponents by breaking through the $10,000 price barrier — a more than tenfold increase in value over the course of this year.” Chloe Cornish – Financial Times Author – said.

The virtual currency has powered past $10,000 for the first time, capping a jaw-dropping rally of more than 900% since the start of the year.

Long shunned by regular investors as a murky domain for cranks and criminals, bitcoin has gained growing mainstream acceptance this year, helping propel its value higher and higher.