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The price rose primarily because of the Willy bot, aka Mark Karpeles artificially inflating the price. Read the willy report.

• freework 12y ago
  Willy wasn't the only reason bitcoin bubbled a few months ago
• mrb 12y ago
  You cannot claim the current ~$600 level is still due to Willy. Willy stopped running 6 months ago, so the market has already corrected itself by now.