• Bitcoin won’t be viewed as an existential threat to the banking system just because its price is soaring. Rather it will be seen as a spur toward a more digital, regulator-friendly post-COVID payments future. | AFP-JIJI
    Bitcoin won’t be viewed as an existential threat to the banking system just because its price is soaring. Rather it will be seen as a spur toward a more digital, regulator-friendly post-COVID payments future. | AFP-JIJI
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Bitcoin’s true believers are taking a victory lap after the cryptocurrency’s fresh all-time high of almost $20,000. “Onward and upward we go to the moon!” tweeted Tyler Winklevoss. “All governments, [financial services] and corporations will soon be mining Bitcoin to guarantee their own supply,” echoed Bitcoin advocate Charlie Shrem. That appears to be true of the Venezuelan Army, at least.

But is this new record going to convert an often-skeptical financial sector, at least beyond hedge funds and strategists who see Bitcoin as a COVID-19 safe haven? Not everyone is convinced.

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