Bitcoin tops $1,000 for first time in three years as 2017 trading begins

Nascent digital currency outperformed all of its central bank counterparts with 125% rise in value in 2016

Bitcoin has started 2017 with a bang, with its value hitting a three-year high of more than $1,000 (£815).

The nascent digital currency, which has been criticised as a vehicle for a range of nefarious characters from drug dealers to tax evaders to operate, outperformed all of its central bank counterparts with a 125% climb in value in 2016.

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