Does Bitcoin Boom Mean ‘Better Gold’ or Bigger Bubble? QuickTake
- Date: 20-Dec-2020
- Source: Washington Post
- Sector:Financial Markets
- Country:Middle East
Does Bitcoin Boom Mean ‘Better Gold’ or Bigger Bubble? QuickTake
The initial price of Bitcoin, set in 2010, was less than 1 cent. It recently crossed $23,000. Once seen as the province of nerds, libertarians and drug dealers, Bitcoin these days draws millions of dollars from hedge funds and companies like MicroStrategy and Square, while PayPal lets consumers use Bitcoin to pay for goods and services. The recent price surge could reflect recognition by the financial community that so-called cryptocurrencies -- digital forms of money -- can be useful, and that
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