-
We often refer to bitcoin as “digital gold” because, like the metal, it is a potential store of value. Like gold, bitcoin’s characteristics include: Limited supply: Maximum supply of 21 million. This scarcity means that the price could move upward as adoption increases. Increasing adoption: Bitcoin has been gaining traction in terms of the number of ...
-
Bitcoin fell for a third day on Wednesday, having posted its worst monthly performance in April since late 2022, ahead of an interest rate decision by the Federal Reserve later and key U.S. labour market data. The value of the world's most traded cryptocurrency fell by nearly 16 per cent in April, as investors booked profits on a sizzling rally that has ...