“Bitcoin’s parabolic rise is unsustainable in the near term. Vulnerable to setback,” tweeted Scott Minerd, global chief investment officer at investment giant Guggenheim Partners, at about 5am UTC on Monday morning, as Bitcoin’s price began to fall. Bitcoin CME futures volumes have also increased in the past few days, as investors look for ways to get their hands on the coin via the derivatives market. In 2009, the first Bitcoin came into existence, marking the beginning of a transformative era.
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