Is Bitcoin here to stay? Cryptocurrencies hold the promise of revolutionizing global finance by placing control in the hands of users, not nations, and making financial exchanges more transparent, efficient, and democratic. But given the yet-another-round of boom and bust cycles seen recently, questions remain: Could cypto ever be considered a safe bet? Proponents say the hype is warranted, with naysayers increasingly jumping on the Bitcoin (block) train. Yet skeptics and critics – like Elon Musk – suggest this highly volatile digital currency offers a platform for illicit activity, including money laundering and trafficking of humans and drugs, free from government oversight and regulation. They argue Bitcoin has no intrinsic value – the price is based on market enthusiasm rather than actual utility. So… in light of renewed attention, Intelligence Squared U.S. sought to resurrect this highly relevant debate: Is Bitcoin More Than a Bubble and Here to Stay?
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