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Why cryptocurrency may be on its way to becoming the new gold Don Pittis © Dado Ruvic/Illustration/Reuters Can bitcoins create something of lasting value now that they are becoming more widely traded by conservative investors and institutions? The idea that cryptocurrency could change in a mere decade from a baffling computerized oddity to something akin to gold seems crazy. Or maybe something out of a fairy-tale fantasy like the Grimm brothers Rumpelstiltskin. For most of us, using a magic spinning wheel to create gold from straw in exchange for the promise of a first-born child is no easier to accept or comprehend than transmuting a string of numbers in a computer into something of real and lasting value.

Elon muskChristine lagardeJohn oliverDuncan macinnesBradley dukeReuters european central bankChicago mercantile exchangeEuropean central bankReuters canWild westPool photoFinancial timesPurpose investmentsCanada deputy governor tim laneEuropean central bank president christine lagardeCentral bank