In July 2013, Bitcoins traded at US$100 each. Last week, they hit US$11,434. Photo: AP In July 2013, Bitcoins traded at US$100 each. Last week, they hit US$11,434. Photo: AP
In July 2013, Bitcoins traded at US$100 each. Last week, they hit US$11,434. Photo: AP
Tom Holland
Opinion

Opinion

Abacus by Tom Holland

Why bitcoin fever is a bubble waiting to burst

Optimism is high with the price of the cryptocurrency up 1,438 per cent over the past 12 months, but the very factor enthusiasts like most about bitcoin is also one of its biggest drawbacks

Tom Holland
Tom Holland

Updated: 2:55pm, 20 Jul, 2018

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In July 2013, Bitcoins traded at US$100 each. Last week, they hit US$11,434. Photo: AP In July 2013, Bitcoins traded at US$100 each. Last week, they hit US$11,434. Photo: AP
In July 2013, Bitcoins traded at US$100 each. Last week, they hit US$11,434. Photo: AP
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