Virtual gold? Bitcoin's rise sparks new debate amid pandemic


Bitcoin has gained over 30% in value in almost three weeks up to Nov 6, taking it close to its December 2017 peak when it reached nearly US$20,000. — gopixa/IStock.com/AFP

LONDON: Bitcoin's rally above US$15,000 (RM61,695) has reignited debate over whether the cryptocurrency is so-called digital gold or a perilously risky bet as investors grapple with the coronavirus pandemic.

The world's most popular virtual unit has gained over 30% in value in almost three weeks up to Nov 6, taking it close to its December 2017 peak when it reached nearly US$20,000.

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