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Bitcoin climbs to $US50,000 as crypto bubble surges to insane levels
Posted
TueTuesday 16
updated
WedWednesday 17
Adam Malolepszy was initially a cryptocurrency sceptic but has since bought bitcoin and dogecoin.
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For years, Adam Malolepszy had resisted the urge to bet on cryptocurrency, telling his friends it was a bubble waiting to burst .
Key points:
It surged to record highs after endorsements by Tesla, Paypal, Square, Mastercard and BNY Mellon
Tesla CEO Elon Musk warned that cryptocurrencies should be treated as speculation
Then in mid-December, the infamously volatile bitcoin surged to a (then) record high of $US20,000.