Chinese investors are loading up on bitcoin, which may help explain the cryptocurrency’s dazzling rise

March 23, 2024

Explaining bitcoin’s dazzling rise has always been a fool’s game. Scarcity (bitcoins are limited by design to 21 million), gambling gone mad, utility, inflation hedge, global market acceptance, voodoo. All these possibilities and more have been cited for the cryptocurrency’s ability to mint thousands of new millionaires each week.…

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