Bitcoin's virtual recovery heralds real risks to come

Cryptocurrency's resurgence reflects market unease over trade war, especially in Asia

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Japan sees the blockchain boom as a chance to increase its share of startups. © AP

As if Asia did not have enough to worry about, Bitcoin's dramatic recovery is reminding the region economic conditions could get much worse.

Bitcoin bulls long touted the most famous cryptocurrency as "digital gold," a place for investors to hide in troubled times. That almost seemed to be happening last week as trade-war jitters helped move Bitcoin from the attic to the front pages.

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