Bitcoin crosses $40K mark, doubling in less than a month

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First it went through $US20,000. Then 10 days later, it broke through $US25,000, and then, with barely taking a breath, it crossed $US30,000. Now only a few days into 2021, the price of bitcoin has crossed $US40,000.Nothing's new with the digital currency in the month since it crossed $US20,000 — there's been no major change in how it can be used. Although some investors are now using the notoriously volatile currency as a “store of value," which is traditionally a title saved for safe haven investments like gold and other precious metals.“Will you be able to buy a cup of coffee with bitcoin? Probably not with the current version of Bitcoin. It’s largely become a store of value,” said Mike Venuto, a co-portfolio manager of the Amplify Transformational Data Sharing ETF, a $US391 million ($503 million) exchanged-traded fund that focuses on blockchain technologies and companies that deal with cryptocurrencies.Media attention…

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