The remarkable rise in the dollar price of bitcoin continues, with the cryptocurrency up by over 1,000% in the past year to trade between $50,000 and $60,000 by late March. The price appreciation that has taken bitcoin to a nominal value over $1 trillion has brought renewed attention from banks.
Veterans of crypto trading are urging their followers to treat these late converts to the cause with disdain. Barry Silbert, the founder of Digital Currency Group – which bills itself as the most active investor in the blockchain sector – made his views clear in a tweet on March 21.
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