10k Bitcoin.

Bitcoin is heading to $10,000, CNBC survey says.

An E-sports betting startup named Unikrn recently raised US$31 million in an Initial Coin Offering (ICO). The group collected 112,720 ‘ethers’ including 56,000 (roughly US$15.6 million) in a presale backed by the well-known investor Mark Cuban. Rahul Sood, chief executive of Unikrn, said that the company had sourced contributions from 112 countries, characterising them as mostly small purchasers.

Intense price swings in cryptocurrencies are luring the highest-volume traders on Wall Street as they hunt for anything with volatility (the VIX has been at historic lows recently).

Proprietary trading firms (which bet their own capital in markets) seem to be heaping into bitcoin, ethereum and other cryptocurrencies better known as an area for small speculators (and a haven for money-laundering).

Bitcoin has been reaching up to US$10,000 a unit in Zimbabwe (compared with a global average of about US$5,200) according to the trading platform Golix.io in the capital, Harare.

And if you needed further evidence that the digital-currency market is in a frenzy: how about the fact that only about one out of 10 tokens issued in Initial Coin Offerings is in use following the sales: of the recent 200’ish ICOs, only 20 (such as TenX and Storj) and are actually used in the running of their networks - the rest can only be traded, and are purely speculative instruments.