As the world became increasingly digital, it stood to reason that eventually our money — how we create it, how we spend it, how we invest it — would become digital, too. The advent of Bitcoin, the first decentralized cryptocurrency, was a curious phenomenon, but in recent years it has skyrocketed in value (although its instability makes it not an asset for the faint of heart). Now companies are investing in crypto; the art world is enthralled by it; and governments are pondering how to manage its risks while still encouraging innovation. The only thing we'd count on? Crypto is here to stay. Crypto's Rising. So Are the Stakes for Governments Everywhere — Bloomberg's editorial board If 60/40 Recipe Sours, Maybe Stir in Some Bitcoin — Mark Gilbert What's India's Beef With Bitcoin, Really? — Andy Mukherjee Trump's Last-Minute Bitcoin Rule Hits the Wrong Mark — Aaron Brown Rich Millennials Are Splashing Millions on Crypto Art — Andrea Felsted India Bitcoin Ban Would Be a Terrible Idea — Shruti Rajagopalan The NFT Craze Actually Does Make Sense — Tyler Cowen Fed's Digital Dollar Would Look Nothing Like Bitcoin — Noah Smith This is the Theme of the Week edition of Bloomberg Opinion Today, a digest of our top commentary published every Sunday. |
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