Video Duration 24 minutes 45 seconds
From: Inside Story

Will bitcoin be the currency of the future?

The cryptocurrency bitcoin has just hit a record high and is poised to rise further.

It is a bitcoin season again.

The time of year when the world’s most famous and least understood currency explodes in value – seemingly for no reason.

In March last year, a single bitcoin was worth $5,000.

In December, it hit $20,000 for the first time.

As we came into the new year, $30,000.

And just days later, it is now $40,000.

It has those already on the bitcoin train guessing at where it goes next.

So exactly what is driving this increase?

And could bitcoin be a new safe haven?

Presenter: Peter Dobbie

Guests:

Matthew Goetz – Founder and CEO of BlockTower Capital, a cryptocurrency asset investment firm

Garrick Hileman – Cryptocurrency economist and head of research at Blockchain.com

John Biggs – Editor at CoinDesk, a cryptocurrency news site