A Bitcoin is a Bitcoin becomes the narrative as the drop gets ‘too painful’3 min read . Updated: 25 Sep 2022, 09:39 PM IST
As the as prices plunged amid monetary policy tightening, narrative around cryptocurrency has changed among its fans. Bitcoin has lost roughly 60% this year and has been trading below $19,000 in recent days
Virtual money, digital gold, inflation hedge, uncorrelated asset, store of value: those are phrases once used by Bitcoin’s fans to describe the cryptocurrency’s virtues. Its new narrative? A Bitcoin is a Bitcoin.
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