Bitcoin Is an Escapist Safe Haven

Bitcoin Is an Escapist Safe Haven
AP Photo/Mark Lennihan, File

Bitcoin is worth more than $1,000 for the first time since 2013, when it crossed that line very briefly. If one considers it a currency -- which is open to debate -- it would be the best-performing one in the world in the last 12 months: It has gained more than 150 percent against the U.S. dollar. That's a Donald Trump-like phenomenon in finance. It shows a rising demand for an alternative to traditional money.

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