Bitcoin is at risk of increased competition as it enters 2022, especially from its closest rival ethereum, according to some analysts. — AFP
LONDON: The price of bitcoin hit record highs in 2021 thanks to support from traditional finance, but cryptocurrency specialists are struggling to predict next year's outcome for the volatile sector.
Having more than trebled in value to US$60,000 (RM249,960) between December 2020 and April, bitcoin has lost some shine to trade at under US$50,000 (RM208,300) heading into the new year.
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