The past two years’ pandemic have completely changed our lives. The governments of many countries have made massive relief payments and subsidies to make up for the loss of normal economic activities halted due to lockdown policies. This in turn has created massive inflations. The recent high prices for stocks, especially gold and digital currencies have been linked to this. Unlike gold, digital currencies have no backing value and prices are skyrocketing and unpredictable. But many believe this is the future of finance. So are digital currencies a good investment option? Let’s use the case of Bitcoin to analyze.
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