Over the past year, the price of a Bitcoin has skyrocketed from less than $800 to nearly $20,000 — a meteoric rise that financial insiders say is no different than the escalating cost of a tulip in seventeenth-century Amsterdam.
Is it a bubble? Who cares! As VICE News’ Jay Kang told us, “It’s impossible right now to not get rich if you own any Bitcoin.”
Kang first got the Bitcoin bug in July, initially investing $4000, upping it to $9000, then fearing a crash, betting his entire crypto-cache on a random soccer game (which he lost). A former aspiring professional poker player, Kang bounced back undeterred, and with the surging price of the currency, Bitcoin mania has taken over his life. He claims 10 percent of his net worth is now invested in cryptocurrency.
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