Bitcoin hits record highs before pulling back

--:--
BitCoin. It’s adherents are feverish, its detractors and sceptics many, the cryptocurrency world has been in thrall to another parabolic rise in the value of Bitcoin and other cryptos only to see a recent pullback of 20% revive memories of the spectacular crash of 2017. Michael Avery thinks blockchain technology is interesting and will almost certainly become more important in the future. Avery thinks he understands the finite supply of Bitcoin, the loss of faith in central banks and the store of value narrative. But, he admits to having absolutely no idea how to value it. It could be cheap at $1mil and expensive at $5 and he wouldn’t be able to put forward a coherent reason why. Farzam Ehsani, CEO and co-founder at VALR, SA’s leading bitcoin trading platform, helps him understand how you value Bitcoin.
12 Jan 2021 11AM English South Africa Business · Investing

Other recent episodes