Wednesday , 15 August 2018
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Apple’s iPhone users are running to Bitcoin

A string of breathless media headlines reporting Bitcoin’s new highs and lows means the cryptocurrency has captured popular imagination; the appearance of the Coinbase iOS app within the top 40 lists at the App Store helps confirm the notion.

Bite of the Bitcoin

Apple co-founder Steve Wozniak recently said he thinks Bitcoin is a better standard of financial value than gold or the dollar.

While we have to accept that the inherent value of the digital currency is hard to understand, it’s clear that millions of people do believe in it and that consensus has driven the digital estate to new highs.

That’s not to say cryptocurrency is a safe investment — it isn’t, it’s highly volatile, and (at present) can too easily see its market values impacted by tactical buys and sells on the part of the biggest Bitcoin investors.

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