Recently, bitcoin leaped 11% in trading to $14,711. Here are details from CNBC.
That's primarily triggered by the purchases Peter Thiel's Founders Fund made of bitcoin. They totaled millions of dollars.
It's unknown yet if those bitcoins will remain in the Founders Fund or be sold.
Thiel, like Michael Arrington, is a high-profile investor. His move is a plus for bitcoin. That could extend to other cryptocurrencies such as Ripple. Not long ago, Arrington co-launched a Ripple hedge fund.
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