[2017-02-24] BS: Bitcoin hits record high above $1,200 on talk of ETF approval

[polynesia]

Bitcoin hits record high above $1,200 on talk of ETF approval

http://www.business-standard.com/article/international/bitcoin-hits-record-high-above-1-200-on-talk-of-etf-approval-117022400606_1.html

Digital currency bitcoin jumped to a record high above $1,200 on Friday, as investors speculated the first bitcoin exchange-traded fund (ETF) to be issued in the United States is set to receive regulatory approval.

Traditional financial players have largely shunned the web-based "crytpocurrency", viewing it as too volatile, complicated and risky, and doubting its inherent value.

But bitcoin, invented in 2008, performed better than any other currency in every year since 2010 apart from 2014, when it was the worst-performing currency, and has added almost a quarter to its value so far this year.

[polynesia]

This has been covered in most newspapers in India.

http://profit.ndtv.com/news/currency/article-bitcoin-hits-record-high-above-1-200-on-talk-of-exchange-traded-fund-approval-1663157
http://economictimes.indiatimes.com/markets/stocks/news/bitcoin-hits-record-high-above-1200-on-talk-of-etf-approval/articleshow/57330539.cms
http://timesofindia.indiatimes.com/business/international-business/bitcoin-hits-record-high-above-1200-on-talk-of-etf-approval/articleshow/57329952.cms
http://www.firstpost.com/fwire/bitcoin-hits-record-high-above-1200-on-talk-of-etf-approval-reuters-3301726.html
http://www.moneycontrol.com/news/business/bitcoin-hits-record-high-above-361200talketf-approval_8553421.html