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A new type of cryptocurrency is popping up all across New York.
Bitcoin’s foes called it “nothing more than an investment scam” and the frenzy to get into it has sent prices soaring.
According to The Wall Street Journal, the price of bitcoin, one of the first attempts at a currency based on its freedom from government control, soared past $10,000 last week.
Meanwhile, four different types of digital currencies are the focus of the capital of New York State: ICOs, startups or “distributed ledger” software.
Jim Geraghty of the National Review says it’s not only money but also freedom in this environment.
“It’s not that we’re a cryptocurrency heaven,” he explained on “Hannity.” “But given the success of all this here and across the whole country, and if there is a genuine change coming into society that’s led by this industry.”
He also discussed the success of New York City’s cryptocurrency, created by a nonprofit organization, namely in the Lower East Side.
“They’ve gone viral. They’ve spread in a way that never happens. It’s not just New York. It’s communities around the country,” Geraghty added.
Watch more above.
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