Bitcoin has somewhat broken out of its niche this year, finding support from some of the world’s biggest banks and big-name investors.
The bitcoin price has soared as bitcoin’s reputation has a potential hedge against inflation has grown, with the price climbing to within touching distance of its late 2017 highs of around $20,000—though data suggests bitcoin’s latest rally is very different from three years ago.
Now, Ray Dalio, the billionaire founder and co-chairman of the world’s…
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