Bitcoin hits new record high of $11,850

Published: December 6, 2017
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A logo of Bitcoin is seen on an advertisement of an electronic shop in Tokyo, Japan September 5, 2017.
PHOTO: REUTERS

A logo of Bitcoin is seen on an advertisement of an electronic shop in Tokyo, Japan September 5, 2017. PHOTO: REUTERS

Bitcoin powered to a record high of $11,850 on Tuesday, continuing its surge from below $1,000 at the start of the year.

‘Bitcoin was explicitly designed to be digital gold’

The cryptocurrency was last up 2 per cent on the Luxembourg-based Bitstamp exchange BTC=BTSP.

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