Tokens of the virtual currency Bitcoin are seen placed on a monitor that displays binary digits in this illustration picture, December 8, 2017. REUTERS/Dado Ruvic/Illustration
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Bitcoin true believers will tell you they never lost faith, but a 50 percent rally earlier this month has awakened the animal spirits that roamed in the halcyon days of 2017, when the digital currency dominated Thanksgiving conversations and sparked one of the biggest asset bubbles since the financial crisis.Fund manager Mark Yusko dusted off his call for Bitcoin $400,000 .Crypto prices soared that year, with Bitcoin alone gaining 1,400 percent.But just when Bitcoin appeared to have been left for dead by mom and pop investors, it went on a tear, doubling in price this year to more than $8,000 . Of course, this being Bitcoin, nothing is straightforward -- the rally eased this week, and the cryptocurrency has dropped more than 10 percent in the past two days.Since Bitcoin's stunning crash last year, a number of startups that kept portions of their funds in digital assets have shuttered their operations.
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