Bitcoin's Increasing Value

Bitcoin is a digital currency that many of us have never used.

Yet this year the total value of all bitcoin hit $14 billion.

The currency has doubled in value from $435 each at the start of 2016.

The increase may be connected to the weakening of the Chinese yuan.

Bitcoin is popular with Chinese traders because it enables them to evade currency controls.

https://www.cnet.com/news/bitcoin-reaches-highest-total-valuation-of-14-billion/#ftag=CAD590a51e

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