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Australia central bank gov says bitcoin fascination is 'speculative mania'


SYDNEY: The fascination with virtual currencies feels more like a "speculative mania", the head of Australia's central bank said on Wednesday, just days after the launch of the world's first bitcoin futures.

Bitcoin, the world's biggest and best-known cryptocurrency, surged past $17,000 on Tuesday to an all-time high, an almost 20-fold increase in its price this year.

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