Opinion

Dominant, dormant or demolished: What's next for bitcoin?

By Adam Triggs
Updated July 1 2021 - 2:14pm, first published March 15 2021 - 6:00pm
Bitcoin faces an uncertain future. Picture: Shutterstock

How do you know if someone owns bitcoin? Don't worry, they'll tell you. It's an old gag, and those who own bitcoin are laughing all the way to the digital wallet. Measured in Australian dollars, the price of bitcoin has increased an eye-watering 145-fold in just five years and recently passed $78,000. Bitcoin has created up to 100,000 new millionaires, 8000 of whom have more than $10 million in their accounts.

Advertisement

Ad