Bitcoin Crushed Every Other Currency in 2016. Here are 5 Reasons Why. ByTimothy SohnPRO INVESTOR Updated: 20 September 2021 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage (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. Join Our Telegram channel to stay up to date on breaking news coverage