The variety of transactions in bitcoin hit a document excessive for the seven days to Tuesday. The rise in small bitcoin transactions additionally exhibits simply how ineffective it’s as a foreign money, and why it’s nonsensical to suppose bitcoin may ever be used as actual cash. Playing: Crypto provides a retailer of volatility greater than a retailer of worth. Crypto has to scrub up its act, so basing its worth on unlawful transactions now not is smart. Bitcoin has did not stay as much as its authentic promise of being low-cost on-line money, however crypto retains on reinventing itself.

Source: Wall Street Journal November 23, 2023 05:56 UTC