Cryptocurrency is volatile, yes. But is it just a trend, or here to stay?


The idea that crypto can be another form of fiat currency - currency legally tendered by government that is not backed by a physical commodity such as gold - needs to become more widely accepted before that can happen. — AFP Relaxnews

Anyone who has watched Bitcoin's erratic price gyrations since its inception could get dizzy.

When first introduced in 2009, a unit of the pioneering cryptocurrency was valued at... zero cents. Within about two years, the price rose to US$1 (RM4.2) and months later surged upward in value to about US$30 (RM125), according to data from SoFi, a student loan refinancing firm. But then it plunged to US$5 (RM20).

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Snowcap Compute raises $23 million for superconducting AI chips
Driverless disruption: Tech titans gird for robotaxi wars with new factory and territories
Prosus delays Indian payments firm PayU IPO to enhance business operations
Study: Trust in AI strongest in China, low-income nations
Prosus surpasses annual financial targets with $7.4 billion annual earnings
FBI warns of hidden ‘malicious’ threats lurking in widely used devices
Would you hail a 'robotaxi'? Musk bets cabs will give Tesla a lift after boycotts and sales plunge
Music streaming service Deezer adds AI song tags in fight against fraud
Jony Ive deal removed from OpenAI site over trademark suit
Billions of login credentials have been leaked online, Cybernews researchers say

Others Also Read