Bitcoin's rebound: 3 reasons this time is (sort of) different
- Written by Jason Potts, Professor of Economics, RMIT University
Shutterstock
Bitcoin is back.
Three years after the bubble that inflated its value from US$5,000 to US$20,000 in less than three months burst in spectacular fashion, plunging more than 80%, the cryptocurrency is again on the verge of a record high.
In recent days it has been trading above US$19,000, up from US$10,000 in October and US$5,900 in...
Read more: Bitcoin's rebound: 3 reasons this time is (sort of) different