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Bitcoin Resurgence Leaves Institutional Acceptance Unanswered

  • Advocates still wait to see if big money-managers get on board
  • Fidelity remains most-prominent firm to explore the market
Bloomberg business news
Bitcoin Futures May Be Overbought

The Bitcoin hype machine is back in overdrive.

The digital token spiked above $13,000 this week for the first time in over a year, touching off Twitter dance parties, new sky-high predictions and even some tattoo flashing. Back are proclamations that crypto is the currency of the future, that the dollar’s days are numbered and blockchain will reorder the financial universe.