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| Bitcoin: there are concerns about its environmental impact |
Things are moving fast in the cryptocurrency world.
One week ago, the price of bitcoin hit an all-time high of $7,459. It has been a volatile ride, with plenty of dips along the way, but the 12-month performance has been extraordinary. In mid-November 2016, you could have bought a single bitcoin for $742.
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Plenty of financial commentators have cried speculative bubble, none louder than Jamie Dimon, chief executive of JPMorgan, who told the Delivering Alpha conference in September: “If you’re in Venezuela or Ecuador or North Korea, you’re probably better off using bitcoin than their currency.
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