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Why is Bitcoin’s price at an all-time high? And how is its value determined? – The Conversation AU
An increasing number of individuals and companies are now investing in Bitcoin, the world’s largest and first fully-functioning cryptocurrency. But why? And which…
Bitcoin continues to trade close to its all-time high reached this month. Its price is now around US $34,000 up about 77% over the past month and 305% over the past year.
First launched in 2009 as a digital currency, Bitcoin was for a while used as digital money on the fringes of the economy.
It has since become mainstream. Today, its used almost exclusively as a kind of digital gold. That is to say, a scarce digital asset.
In response to the risk of economic collapse due to COVID, governments…
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