Business Maverick: Bitcoin Climbs Above $11,000 as Memories of Popped Bubble Fade

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Business Maverick: Bitcoin Climbs Above $11,000 as Memories of Popped Bubble Fade By Bloomberg

“The bounce-back of Bitcoin has been fairly extraordinary,” said George McDonaugh, chief executive and co-founder of London-based blockchain and cryptocurrency investment firm KR1 Plc. “Money didn’t leave the asset behind, it just sat on the sidelines waiting to get back in.”

The largest cryptocurrency had a furious run higher in late 2017 that culminated with a top above $19,500, before an almost-as-relentless move downward over much of 2018. It languished around the $3,300 to $4,100 range for several months.

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