Bitcoin surged to another record high on Wednesday, reaching the $12,000 milestone for the first time as runaway demand for the cryptocurrency continued. Bitcoin, which started the year below $1,000, has been lifted this week by Friday's announcement by federal regulators that they would let CME Group Inc and CBOE Global Markets list bitcoin futures contracts. The move fueled optimism among investors about broader mainstream use of cryptocurrencies despite warnings by some financial experts that their meteoric rise signals a bubble that could soon burst.
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