Bitcoin price passes $60,000 for first time since April amid October bull run

, who appeared at the Texas Blockchain Summit last Friday to float the idea of using bitcoin mining in the state to make use of energy produced by oil and gas.

Cruz said that natural gas is"being wasted" in Texas by being flared and that it could be put to"productive use" by bitcoin miners instead, who require vast amounts of energy in order to power the computers that generate new bitcoins., he suggested that this extra power could be redirected into Texas' electricity grid in the event of power outages, the likes of which plagued the state in the winter earlier this year.due to regulatory crackdowns.

A photo shows a physical representation of a stack of bitcoins, taken in Paris in April 2019. The cryptocurrency has seen a rise in price through October.

The saying 'A fool and his money are soon parted' In who you trust? on all the hype? Who guarantees this digital currency?

It must feel great to see the price of a crypto coin go up, again and again, having invested in one or fractions of one.

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