Business
Facebook’s crypto plans kick flagging Bitcoin in the pants
After a spectacular crash in December 2017, the flagship digital coin has tripled in value so far this year
Bitcoin, the flagship digital coin that spectacularly crashed in late 2017, has staged a comeback in recent months – tripling in value since the start of 2019 thanks in part to Facebook’s cryptocurrency plans.
Bitcoin rose to fame when its value surged about 2,200% in a year before the bubble burst in December 2017, wiping out half of those gains in slightly over a month.
But the steady decline that followed – partly because of moves to regulate digital currencies and several high-profile hacks — was arrested in January...
This article is reserved for Sunday Times Daily subscribers.
A subscription gives you full digital access to all Sunday Times Daily content.
Already subscribed? Simply sign in below.
Questions or problems?
Email helpdesk@timeslive.co.za or call 0860 52 52 00.