zero hour
A Binary Bet on the Bitcoin Twins
It's no sure thing that the twins' ETF will be approved.
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Bits, the units of information that underlie any digital currency, have only two values: zero or one. Perhaps it's time investors were reminded that buying bitcoin is a similarly binary wager.
The virtual asset is trading at a record, shrugging off a campaign by the People's Bank of China to control trading. Underpinning its rise is the hope that American entrepreneurs Cameron and Tyler Winklevoss will succeed in their attempt to create the first bitcoin exchange-traded fund.