BITCOIN DIARY: The coin breaks through the R80,000 barrier
Bitcoin's early adopters are living the high life as the damn thing continues to surge despite the slings and arrows of outrageous bankers like Jamie Dimon
I overhear them planning their holiday - "Air BnB for accommodation ... Travelstart for flight bookings ... paid for by Bitcoin ... " That's right, Bitcoin's early adopters are living the high life as the damn thing continues to surge despite the slings and arrows of outrageous bankers like Jamie Dimon.As this ice3x (one of several ZA trading platforms) chart shows, this week Bitcoin crossed the R80,000 barrier, admittedly assisted by the Great Zuma Dysfunction which battered the rand and then stole its wallet. And then kicked it. And then spat on it. In dollar terms, we are talking about somewhere north $5,700 for a Bitcoin, which is a lot of ammo for something which doesn't actually exist, except as a distributed algorithm. I know this doesn't make you feel better, but if you'd bought a bitcoin on 1 January 2017, you would have paid $837. And you would be drinking flat-whites at Tashas while deciding which private jet to buy. Apparently, they are going cheaply because American tyc...
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