Bitcoin in the Headlines is a weekly analysis of industry media coverage and its impact.
Bitcoin is back in the spotlight.
The digital currency's recent price surge caught the attention of journalists across the globe this week, with major publications noting as bitcoin surged past the $450 mark on CoinDesk's USD Bitcoin Price Index for the first time this year, even passing $500 on select exchanges.
You would have thought that the coverage of bitcoin's rally would have ensured that the focus remained on the technology's use as a digital currency, but this was not entirely the case.
As incumbents and pundits looked for reasons behind the market's upward trend, talk of blockchain technology soon resurfaced, with skeptics like JPMorgan CEO Jamie Dimon and IMF chief Christine Lagarde attempting to steer the course of conversation.
Still, it was perhaps investor Tim Draper who best captured the awe and relief prevalent in the industry throughout the week, telling CoinDesk:
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