The price of a virtual currency has shot up nearly 30% in the past year, according to a new study.
That’s an enormous jump for a currency that’s already worth hundreds of thousands of dollars.
The surge is mostly driven by demand for virtual goods like cryptocurrency tokens, the digital currency that can be used to buy and sell goods and services.
But it’s also driven by a major new bubble, according a new report by researchers at the University of Illinois at Urbana-Champaign.
The virtual currency bubble is a sign of a major, fast-growing global trend.
The report, which analyzed data from Bloomberg terminals, was published on Wednesday.
The bubble is now bigger than the dotcom bubble of 2000, which reached $1 trillion in value, according the researchers.
Virtual currencies are already popular, especially on the dark web, where they’re traded as virtual goods.
But the bubble has exploded to a size not seen since the dot com bubble, and is expected to reach $1.4 trillion by 2023, according Bloomberg data.
The researchers found that while virtual currency tokens are a small part of the total value of digital assets, they are a very small percentage of total assets.
In 2016, about 3% of the global economy was in virtual currencies.
That figure was expected to drop to 2.6% by 2027, according data from the World Economic Forum.
“The bitcoin bubble may have peaked,” said the report’s author, Michael T. Oreskes, an economist at the U. of I. “But the bitcoin bubble has been driven by an incredibly large, disruptive, and growing global phenomenon: a virtual economy of wealth.”
The study analyzed data on virtual currencies in three different categories: tokens, goods and commodities, and virtual currencies and their underlying tokens.
“For the first time, we have a better understanding of the underlying drivers of this market,” Oreske said.
The U.S. dollar is the world’s most widely traded virtual currency, but there are other currencies that trade on a similar basis, such as bitcoin, the researchers found.
Omskes said that the biggest surge in virtual currency assets was from the Chinese yuan, which has risen from about $1 to nearly $2 since 2016.
China is the second-largest market for bitcoin, after the U and Japan.
Bitcoin is not backed by a government and its value has fluctuated wildly.
Bitcoin has exploded in popularity in recent years because it’s a relatively new asset class that’s easy to trade, and because it trades on a wide range of exchanges and payment systems, including the New York Stock Exchange.
It’s also traded in virtual form on websites like the Dark Net.
It has attracted many of the same people that created the Internet’s first dark web marketplace Silk Road, which sold drugs and stolen identities for millions of dollars in bitcoins.
Oleskes and his co-authors also looked at how other virtual currencies have grown.
In the past two years, there have been more than 1.2 trillion bitcoins, which have soared from less than $300 in 2011 to more than $1,400 in 2016.
Those gains have been driven in large part by an explosion in digital currencies that have been created using blockchain technology, or software that’s designed to make it easier for people to exchange value online.
Bitcoin was the first major currency to go public in 2012, but it’s taken years for other virtual coins to gain significant market share.
The blockchain, a way of transferring information between people without the need for a central authority, was invented in the late 1990s and has become a core technology in online currencies, including bitcoin.
In February, the U to start testing a blockchain-based system to help settle transactions.
The first blockchain-driven digital currency, Ripple, launched in 2017 and was launched in June.
It was the second of a group of digital currencies launched in April.
“There’s been a very rapid and exponential growth in the size of the bitcoin market over the past couple of years,” Oleske said, referring to the bitcoin price.
“And that’s probably the most important thing to note.
That this market is very small, and very fragmented.”