"People buy Bitcoin just because they think Somebody else will buy them at a Higher Price"


Manage episode 286614906 series 2476313
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Is the value of Bitcoin about to shoot up to the moon or crash and burn? The price of bitcoin has returned above fifty thousand dollars as it recovers from one of the most severe dips in its history. While some predict that the crypto currency is set to reach all time highs, sceptics warn the volatile market could be the biggest financial bubble of the century. We spoke to John Hawkins, Senior Lecturer at the Canberra School of Politics, Economics and Society about the instability of Bitcoin and the risks of the currency.

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