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While digital currency created new millionaires in 2017, real world applications remain limited. (Photo: iStock)

In December of 2016, the cryptocurrency bitcoin was valued at a little over $600. Today it has reached nearly $18,000. So what’s fueling bitcoin’s increase in value? And with a 1,000-fold increase in bitcoin value over the past five years, are we staring down the barrel of a massive “bubble,” similar to what happened with Tulips in the 1600s, the dot-com implosion, and the 2008 financial crisis?

Nick Graf

PropertyCasualty360

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