Breakingviews – Bitcoin offers economics lesson, if little else – Reuters

Breakingviews – Bitcoin offers economics lesson, if little else – Reuters

Bitcoin is an economics lesson masquerading as an asset. The value of the cryptocurrency took over a decade to top $20,000, yet it then eclipsed $30,000 roughly two weeks later in the early days of 2021. It’s a textbook case of speculative demand meeting scar…

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