Sunday 21 February 2021

Will Bitcoin Be the Currency of the Future? – Inside Story

It's bitcoin season again. The time of year when the world's most famous and least understood currency explodes in value - seemingly for no reason.

In March last year, a single bitcoin was worth $5,000. In December, it hit $20,000 for the first time. As we came into the new year, $30,000. And just days later, it's now $40,000.

It has those already on the Bitcoin train guessing at where it goes next. So exactly what is driving this increase? And could Bitcoin be a new safe haven?