Bitcoin nears $10,000 mark as hedge funds plough in
by Julia Kollewe from on (#393BR)
Cryptocurrency now worth seven times an ounce of gold, with market cap higher than IBM, McDonald's or Disney - but analysts warn of 'a huge bubble'
Bitcoin has hit a record high after passing $9,000 (6,700) and is close to reaching five figures as investors in the cryptocurrency shrug off warnings of a bubble.
The cryptocurrency rose to an all-time high of $9,721 on Monday. It is now worth more than seven times an ounce of gold, which is seen as a haven in times of turmoil.
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