Bitcoin/Banking

Don’t buy bitcoin, warns wealth manager: We’re likely ‘going to see cryptocurrencies collapse’

By Kathleen Elkins

The price of bitcoin surged more than 15 percent on Tuesday and briefly crossed the $ 5,000 mark for the first time since mid-November. It’s still well below the all-time high it hit in December 2017 of near $ 20,000.

Other virtual currencies saw sudden price jumps, too: Ether and XRP both rose around 7 percent.

Before…
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