Bitcoin was the big topic of discussion at Thanksgiving family gatherings, possibly replacing politics and Black Friday as the most controversial topics. Judging by the action in the price of bitcoin and other cryptos, and in new accounts at exchanges like Coinbase, returning college students and millennials convinced grandparents, parents, aunts and uncles to jump in with both feet.
Coinbase added 100K accounts between Wednesday and Friday; that’s gone up to 300K (to 13.3M total) as of yesterday.
As for the price, Bitcoin has pared some of its massive gains since challenging $10K on Sunday, now trading hands at $9,557. Ether and Litecoin also posted huge advances over the weekend.
Meanwhile, hedge fund giant Ken Griffin adds his name to the list of those comparing Bitcoin and tulip bulbs.
Checking related stocks, while Bitcoin Investment Trust (OTCQX:GBTC+17%) is surging alongside its underlying asset, names like Riot Blockchain (RIOT -30%) and Xuniei (XNET -7%) are giving back some of their recent massive gains
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