No longer a currency, is bitcoin the digital equivalent of gold?
Updated: Sep 1, 2020
As its performance and attractiveness as a means of payment declined, bitcoin has turned into a store of value.
In the past few years, bitcoin has become equally famous and infamous worldwide thanks to the media hype that followed its rising and falling evaluations. From a historical high of $19,650 in mid-December 2017, it crashed to just $3,200 one year later, and subsequently recovered to reach $7,000 in mid-December 2019. Quite a ride! Yet, the most interesting changes in bitcoin run deeper than valuation swings.
Read my piece on the LSE Business Review.