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  • Bitcoin steamed to fresh record highs Friday, The crypto currency jumped as much as 2.6% that took it to around $53,000.

  • The gains meant its total market capitalization approached $1 trillion.

  • This month alone, the virtual currency is up around 60%.

  • Bitcoin's gains have bean fueled by signs off mainstream acceptance credit card giant MasterCard, just one of the firms to say it would start handling the currency.

  • Still, many skeptics remain wary off the patchouli regulated and highly volatile asset.

  • Analysts at JP Morgan say Bitcoin is way above any estimate off fair value.

  • Proponents counter that the E coin is a kind off digital gold, which could protect investors from any rise in inflation.

Bitcoin steamed to fresh record highs Friday, The crypto currency jumped as much as 2.6% that took it to around $53,000.

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