EDITORIAL: Ups, downs, risks and rewards: bitcoin has seen them all and lives on
Yet the cryptocurrency is far from being an alternative medium of exchange partly because it lacks widespread usage
26 May 2021 - 05:00
Until about a month ago, bitcoin had been on an upward trajectory, partly because too much money is chasing too few inflation-proof assets in the age of money printing.
The reasons behind the month-long slide that morphed into a selling frenzy in the past week chip away at one of its most important investment cases: that its value can’t be fiddled with, especially by central banks and governments. ..
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