Bitcoin stokes fear and greed – but it’s just tip of a finance revolution
Oct 31, 2017
4 minutes
Do you think Donald Trump is the world’s most divisive force? Are you impressed by the recent bull run of the stock market?
Think again. They may be bit players compared with the digital currency called bitcoin.
Bitcoin has been called a fraud and the most important advance since the internet. It has attracted money-launderers, data kidnappers, international drug dealers – and some of the world’s premier financial companies. China has tried to ban it. North Korea is starting to dabble in it.
Over the weekend, bitcoin hit a new high – a single bitcoin is worth more than $6,300 – a breathtaking runup of more than 500 percent in this year alone. The S&P 500, by comparison, has managed only
Testing the possibilitiesBuffett’s rebuffNo forgery Privacy ... and nefarious usesYou’re reading a preview, subscribe to read more.
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