[2015-10-31] NDTV: Bitcoin Records Its Best Month Since May 2014

Bitcoin Records Its Best Month Since May 2014

http://gadgets.ndtv.com/internet/news/bitcoin-records-its-best-month-since-may-2014-759646

Bitcoin has just recorded its best month since May 2014, stealing the spotlight away from the blockchain technology that underpins it and which has been attracting investment from almost every major bank in the world.

An investor in Bitcoin at the start of October would have enjoyed a return of over 36 percent, dwarfing the return of about 2 percent that the dollar racked up for its holders.

The web-based currency surged to its highest this year on Friday, hitting $334.05 (roughly Rs. 22,000) on the Bitstamp exchange on its ninth successive day of gains, its best run in over two years.