Bitcoin prices surged to another all-time high Monday, taking the total value of the cryptocurrency in circulation to more than $37.5 billion.
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SAN FRANCISCO — Bitcoin, sometimes frowned upon as a currency of the underworld, is fast gaining currency in the financial world.
The crypto-currency soared past $2,000 for the first time over the weekend as investors increasingly treat it as a new gold standard and countries such as Japan and China integrate it into their banking systems. On Monday, it traded 6% higher at $2,182.74, according to CoinDesk.
“It will continue to rise in price as inflation goes higher and there is world turmoil,” says Jonathan Johnson, president of Medici Ventures, a wholly-owned subsidiary of Overstock.com that focuses on blockchain, the technology that underlies digital assets such as bitcoin, allowing it to be tracked and…