What is driving the surge in Bitcoin? Part of the surge is due to more businesses around the world announcing that they'll begin accepting the cryptocurrency as payment. In April, the nation of Japan announced that Bitcoin is a legal payment method along with the yen, and one of Russia's largest online retailers has announced that it will begin accepting Bitcoin, despite Russia mentioning that they wouldn't consider the currency until 2018 at the latest. Apparently the rally has changed a lot of minds.
For an awesome comparison, check out this great info-graphic that explains the difference between Bitcoin and gold from JM Bullion:
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