IT IS HARD to think of anything that has baffled financial analysts as much as the rise of bitcoin. When the digital currency lost over 80% of its value in 2018, many wondered if the crypto bubble had burst. But in the second half of last year bitcoin and other cryptocurrencies began to climb again. The price of the popular digital token has now passed $50,000, about five times as much as a year ago.
Publication Date: 16 February 2021
Publication Site: The Economist