The Bigger Fool Argument Might Explain the Bitcoin Speculative Bubble
Bitcoins are in the news, with their prices rising to dizzying heights and also frequently crashing in the recent months. Various national governments around the world, concerned about the speculative mania and high power consumption of bitcoin mining operations, have been trying to crack down on the cryptocurrency. In this interview, Newsclick Editor-in-chief Prabir Purkayastha talks about the technology underlying bitcoins, the possibility of countries clamping down on bitcoins, and about the move by Venezuela to launch its own cryptocurrency.
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