A neon sign at a shop in Hillsboro, Oregon, showing that bitcoin is accepted as payment. Photo: AP
Macroscope by Nicholas Spiro
Bitcoin has had a good pandemic, but is a long way from being a trusted store of value
Covid-19 has turbocharged the shift towards digital payments, and millennials who prefer bitcoin to gold as an alternative currency could signal a future trend. But talk of this risk asset emerging as the next safe haven is premature
Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.