On Wednesday, bitcoin crashed through its previous record high of $19,458 US set in December 2017. When I first wrote about bitcoin seven years ago suggesting that it was just like gold, investors in the yellow metal were outraged. "I don't know whether people are home and they don't know what to do, so they've been speculating in markets," said MacBeth, who describes himself as a cryptocurrency skeptic. "One of the things that attracts people to bitcoin is they don't trust the government," MacBeth said. According to bitcoin lore, an early bitcoin user paid 10,000 of them for two pizzas.

Source: CBC News November 25, 2020 09:00 UTC