Bitcoin Crushed Every Other Currency in 2016. Here are 5 Reasons Why.

By Timothy Sohn Dec 19, 2016 9:38 PM EST

(The Globe and Mail) – Bitcoin, that nebulous digital currency that trades in cyberspace and is “mined” by code-cracking computers, emerged as a better bet this year than every major currency, stock index and commodity contract. The electronic coin that trades – and is regulated similarly to oil and gold – surged 79 percent since the start of 2016 to $778, its highest level since early 2014, data compiled by Bloomberg show.

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