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The Future Is Now: Bitcoin Blasts Past $7,000

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The analyst thinks that Bitcoin will increasingly replace gold in investors' portfolios and at 5% market share of alternative currencies, could hit $25,000 in five years.

The race to build a futures market is heating up. CBOE Global Markets, a CME Group rival, said in August it would be the first to launch Bitcoin futures by end of 2017 or early 2018 if it gets approved by the Commodity Futures Trading Commission, which has taken a friendlier stance on Bitcoin than the Securities & Exchange Commission.