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Forget about Dow 20K: Bitcoin's about to hit $1,000
Bitcoin, the controversial digital currency, is on its way to a major milestone thanks to a confluence of positive factors. With just a couple trading days left in the year, bitcoin looks poised to break the $1,000 barrier — quite an achievement for a product considered close to dead not that long ago amid a series of embarrassing headlines. The price has surged 122 percent in 2016, making it one of the top trades of the year. The increase has been driven by a number of factors. China and India both have been big buyers as part of a broader global landscape that has pushed bitcoin's acceptance further along. ... (full story)
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