Alex Kerr
“Bitcoin has proven to be one of the best-performing assets in modern history,” said Al Jazeera. With the value of cryptocurrency increasing “some 1,000 times” over the last decade, it was only a matter of time before governments and banks wanted in.
After being launched following the 2008 global financial crisis, bitcoin was widely dismissed as a “speculative asset with no intrinsic value”. But it has been taken increasingly seriously “by governments, financial institutions and investors alike”, with far-reaching implications for politics, the economy and the way we live.
‘Big bets’
“A number of countries have made big bets” on crypto in the last few years. El Salvador holds more than “$600 million worth of bitcoin reserves”, accepting the asset “as legal tender” from 2021 to 2025.
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