Hedge Funds Push the Price of Bitcoin to New Highs

(New York Times) The JPMorgan Chase CEO Jamie Dimon, has called Bitcoin a fraud and made it clear that he will not allow his bank to begin trading the virtual currency any time soon. But that has not stopped a growing wave of big Wall Street investors — many of them hedge funds — from pouring their money into Bitcoin, helping extend an eight-month spike in its price….

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