China fuels Bitcoin surge to record high

“Bitcoin was recently featured in favorable reports on China’s state-run CCTV television network and in government-backed newspapers. It has also gained popularity since Baidu (BIDU), China’s leading search engine, announced plans to accept Bitcoin as payment for some services.  ‘The demand out of China has been pretty staggering,’ said Barry Silbert, founder and CEO of SecondMarket, the parent company of Bitcoin Investment Trust, which was recently launched as the first U.S.-based investment fund dedicated just to Bitcoin. ‘We’re seeing the early signs of money coming into Bitcoin as an asset class,’ Silbert said. The Bitcoin Investment Trust has amassed $15 million since September.”

http://money.cnn.com/2013/11/12/investing/bitcoin-record-high/

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