PS. Explain This: A Bitcoin Bubble?


Bitcoin entered mainstream circulation in 2009, but it was in the spring of 2013 that its value started to rise significantly, reaching just under $1,000 late that year. In 2017, its price soared, cracking $1,000 for the first time in January, before doubling by May, and again by August. In December, Bitcoin’s value surpassed $17,000. PS Associate Editor Whitney Arana explains the crypto-currency’s meteoric rise.

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