Massive contradictions surround the value of BitcoinLAWRENCE SMITH/STUFF Bitcoin is sometimes referred to as 'digital gold'. Bitcoin hit a price peak of US$17,000 (23,416) per coin in January, but had fallen to US$6998 by early February. That finite number of Bitcoin that will enter circulation meant even a small slice of Bitcoin would always have value, he said. Blackmore said people who could not understand the value of Bitcoin were approaching it with a mindset honed by the financial markets. Another that was easier to use could supersede Bitcoin and wipe out its value.

Source: Stuff March 03, 2018 15:45 UTC