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Record prices seen for bitcoin in 2016 as fresh supply is halved

Often dismissed as a currency that is too volatile to invest in, bitcoin's price has almost doubled in the last three months, putting it on track for its best quarter in two years.


THE year 2016 could prove to be the year that the price of bitcoin surges again. Not because of any dark-Web drug-dealing or Russian ponzi scheme, but for an altogether less sensational reason - slower growth in the money supply.

Bitcoin is a Web-based "cryptocurrency" used