Bitcoin surges past $10,000

Bitcoin is now worth over $10,000. The cryptocurrency, which crossed the milestone for the first time since its creation in 2008, surged past $10,000 on Tuesday evening as it climbs toward $11,000, according to research site CoinDesk. Bitcoin has spiked 933 percent since the beginning of the year, when it traded at $968.23, reports the Wall Street Journal.

Despite concerns with Bitcoin’s association with criminal activities, investors have piled into the cryptocurrency recently as an alternative safe haven to more traditional assets like gold. The WSJ does note that though the surge in price has been substantial, it’s unlikely many investors have made a lot given that 75 percent of digital wallets (which are used to store…

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