The Business Times
Rob Price

Rob Price

Bitcoin has surged past US$49,000 for the first time since December 2021 with trading commencing on the first US exchange-traded funds that invest directly in the cryptocurrency.
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Bitcoin has fallen 78 per cent since October 2021. It also fell significantly in 2010, 2011, 2014, 2015 and 2018. Still, its adoption rate is among the fastest of any technology.
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Crypto is the cure for, not the cause of, financial shocks

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