How to Put Bitcoin into Perspective

The best-known cryptocurrency has been a failure as a means of payment, but thrilling for speculators

The Economist
Sep 5, 2018 · 7 min read
Photo: Yu Chun Christopher Wong/S3studio/Getty Images

The price chart at CoinDesk, a cryptocurrency news site, begins on July 18th 2010, when a bitcoin could be had for $0.09. By November 2013 it had reached $1,124. In the summer of 2017 it started to take off, reaching over $19,000 in…

This story is just a click away.

Sign up for a free Medium account to read this story from Medium. Plus, get one more story in your member preview this month.
Already have an account? Sign in

The Economist

Written by

Insight and opinion on international news, politics, business, finance, science, technology, books and arts.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade