Bitcoin frenzy reaches heyday-levels, generates renewed investor interest

Little Dude, a real-life bovine housed in a make-shift pen in a Manhattan ballroom, greeted crypto enthusiasts at the Magical Crypto Conference last weekend. He was brought by the anonymous Bitcoin Sign Guy, who offered 21 “Buy Bitcoin” replicas — pen on yellow legal-pad paper — for roughly $8,000 a pop. Only six were left at the end of the week.

Bitcoin true believers will tell you they never lost faith, but a 50% rally earlier this month has awakened the animal spirits that roamed in the halcyon days of 2017, when the digital currency dominated Thanksgiving conversations and sparked one of the biggest asset bubbles since the financial crisis.