Speculative play: Logos of cryptocurrencies at an exchange in Barcelona, Spain. Anyone paying attention to the crypto market has become familiar with the many cloaks bitcoin has donned over the years. — Bloomberg
NEW YORK: Virtual money, digital gold, inflation hedge, uncorrelated asset, store of value: those are phrases once used by bitcoin’s fans to describe the cryptocurrency’s virtues.
Its new narrative? A bitcoin is a bitcoin. That’s the expression that’s making its rounds on Twitter in recent days, where users, amid a deep decline in prices, have been posting that 1 BTC = 1 BTC.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
