Bitcoin advocates argue that supplies of the cryptocurrency and gold are finite unlike cash that can be printed in unlimited quantities. Photo: Reuters
PayPal, Mastercard and JPMorgan boost optimism around bitcoin, but opinion on cryptocurrency is divided
- Bitcoin’s latest rally started on October 21 when PayPal said it would allow the use of bitcoin as well as other cryptocurrencies such as Ethereum and Litecoin
- Analysts at JPMorgan compare bitcoin with gold, saying it could compete more intensely with bullion as an ‘alternative’ currency over the coming years
Bitcoin advocates argue that supplies of the cryptocurrency and gold are finite unlike cash that can be printed in unlimited quantities. Photo: Reuters
