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Bitcoin's 9,000,000% rise this decade leaves the skeptics aghast

The largest digital token, trading around $7,200, has posted gains of more than 9,000,000 per cent since July 2010, according to data compiled by Bloomberg.

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Bloomberg
Emerging out of the ashes of the financial crisis, Bitcoin was created as a bypass to the banks and government agencies mired in Wall Street’s greatest calamity in decades. At first, it was slow to break through, muddied by a slew of scandals: fraud, thefts and scams that turned away many and brought closer regulatory scrutiny. But once it burst into the mainstream, it proved to be the decade’s best-performing asset. The largest digital token, trading around $7,200, has posted gains of more than 9,000,000 per cent since July 2010, according to data compiled by Bloomberg.

“Bitcoin really captured

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First Published: Dec 31 2019 | 9:33 PM IST

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