An extravagant gold rush has been happening this year, but unlike the California Gold Rush during the mid-19th century, this phenomenon is occurring in the virtual world. Bitcoin is the name of the game and its price has skyrocketed by 20-fold year-to-date, catching everyone's attention including financial authorities worldwide.

An extravagant gold rush has been happening this year, but unlike the California Gold Rush during the mid-19th century, this phenomenon is occurring in the virtual world. Bitcoin is the name of the game and its price has skyrocketed by 20-fold year-to-date, catching everyone's attention including financial authorities worldwide.

An extravagant gold rush has been happening this year, but unlike the California Gold Rush during the mid-19th century, this phenomenon is occurring in the virtual world. Bitcoin is the name of the game and its price has skyrocketed by 20-fold year-to-date, catching everyone's attention including financial authorities worldwide.

All the day’s economic and financial news, as cryptocurrency bitcoin joins the world’s largest exchangeClosing summary: Bitcoin futures fall on CME debutDanish central banker says bitcoin is dangerousSingapore: Bitcoin has no intrinsic valueUBS’s Weber: We warn against bitcoinFrance wants G20 debateIntroduction: CME is now offering bitcoin futures

SINGAPORE/LONDON (Reuters) - Global financial regulators are beginning to warn the public against the risks of investing in a market that many feel is in a speculative bubble, with Singapore's central bank on Tuesday urging "extreme caution" about buying cryptocurrencies.

In this environment, Pantera raised $150M to launch a Bitcoin focused fund that would serve as a buy and hold vehicle for several institutional investors like Fortress interested in the space. Three years later, Pantera's Bitcoin Fund has returned in excess of 25,000% to its early investors.