https://www.recode.net/2017/11/29/16716014/bitcoin-price-10k-ethereum-blockchain-cryptocurrency-value-creation-global

A version of this post was originally published at thebarefootvc.

The price of bitcoin reached $10,000 on Tuesday. This just in: Make that $11,000. Over the years, I have seen a significant change in conversations around virtual currencies, from “It’s for drug dealers!” “There’s no underlying asset!” and “It’s a fraud!” to “How do I buy bitcoin?” and “Can you help me look at this ICO?” And we are no doubt at the cusp of more widespread acceptance of the concept. It’s important to note that a fair amount of the recent capital in the market is driven by speculation from the astronomical returns that cryptocurrencies have achieved in 2017, and a “fear of missing out.”