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Lionel Laurent

Bitcoin at $10,000 Is About More Than Mark Zuckerberg

The cryptocurrency’s recent jump marks the return of a speculative dream.

Mark Zuckerberg, chief executive officer and founder of Facebook Inc.

Mark Zuckerberg, chief executive officer and founder of Facebook Inc.

Photographer: David Paul Morris/Bloomberg

Apparently, Mark Zuckerberg has helped Bitcoin to surge past $10,000 again, a price it first surpassed in 2017 as part of an epic speculative bubble that popped not long after.

Last week, the Facebook Inc. co-founder unveiled his social network’s cryptocurrency, Libra, a corporate version of Bitcoin that embraces regulation and is backed by fiat money like dollars or euros. (Bitcoin doesn’t and isn’t.)