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By Patrick Carroll

RIO DE JANEIRO, BRAZIL - Bitcoin hit another milestone this Friday as its total value surged to over US$1 trillion for the first time ever. This move comes on the heels of a major rally which has seen the asset grow over 360% in just the past 4 months. The price of bitcoin now stands at US$55,000 and looks poised to rise even higher in the coming days and weeks.

Fueling this climb is the growing awareness and acceptance of cryptocurrency by major institutions. Tesla, for example, recently announced that they now hold US$1 . . .

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