Bitcoin's Rising Value Could Be Good News, But Might Not

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Copyright 2017 NPR. To see more, visit MARY LOUISE KELLY, HOST: This year, the price of the digital currency bitcoin has gone up more than 1,200 percent. A single bitcoin is now worth more than $13,000. KELLY MCEVERS, HOST: NPR's Uri Berliner is here with us now to talk about it. Hey, Uri. URI BERLINER, BYLINE: Hey, Kelly. MCEVERS: So explain what's happening. Why is this happening? BERLINER: Well, there's a lot about bitcoin that's very opaque, like exactly who's buying and who's selling. But lately there's been this frenzy. Investors just keep pouring in, buying bitcoin, especially in Asia, in countries like Japan and South Korea. MCEVERS: Right. So it seems like this kind of obscure thing, but people feel pretty strongly about it - right? - pro and...

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