[2016-06-15] ET: Creator of bitcoin is sitting on $700-million fortune

Creator of bitcoin is sitting on $700-million fortune

http://economictimes.indiatimes.com/tech/internet/creator-of-bitcoin-is-sitting-on-700-million-fortune/articleshow/52757837.cms

Bitcoin is soaring. The digital currency is on a powerful upward trajectory, jumping in value by well over 30% in the space of a month.

On Monday, the price peaked at $719 far, far above the $200-mark it was languishing at in August 2015. (As of writing, it sits a little below this week's high, at $690.) This bullish period -which comes shortly before the supply of new bitcoin is due to be halved due to a programmed rule -is making a lot of bitcoin-owners very happy, with the value of their holdings increasing by significant double-figures percentage-points.The value of the digital currency hasn't been this high since February 2014, when it was trending downwards from all-time highs of around $1,100.