Forget the Dow’s big rally or booming tech stocks, there’s a much wilder investment story happening.
Bitcoin started the year worth less than $1,000. It’s now stormed past $10,000 — a staggering 950% jump.
So how does the virtual digital currency work — and what’s behind its meteoric rise?
What is bitcoin?
Bitcoin was created in 2009 by an unknown person using the pseudonym Satoshi Nakamoto. Many of its backers saw it as a simple global payment system for anyone to use.