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Do digital currencies like Bitcoin have a long-term future?


Bitcoin has had a history of extreme ups and downs. — dpa

Bitcoin has had a history of extreme ups and downs. — dpa

Dramatic falls followed by sharp rises followed by more dramatic falls. Crypto-currency exchange markets are giving us all whiplash. With allegations of bad practice leading to investigations into some cryptocompanies, the once booming currency faces uncertain times.

NEW YORK: On Dec 17, 2017, the digital “crypto-currency” Bitcoin tipped over the US$20,000 (RM81,384) mark on some online exchanges. With the seemingly inexorable rise in Bitcoin’s fortunes came an associated wave of hype, and the excitement prompted some to predict that this was just the beginning for the new type of currency.

   

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