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MacroBusiness Access Subscriber Only Content See the latest Australian dollar analysis here: Introduction In recent months the price of Bitcoin has risen sharply on balance, despite some fluctuations. The largest cryptocurrency’s latest price spike is prompting talk about Bitcoin’s future. Pressing questions are coming up. Is Bitcoin money or not? Why is Bitcoin valuable? And what does the future hold? There are 7223 words left in this subscriber-only article. Skeptics anticipate a collapse at some point, while true crypto believers see Bitcoin as the currency of the future. The discussions about Bitcoin are very broad and opinion is divided on even its most basic aspects. For example, Bitcoin was designed to be a payment method, but more and more people have come to view it mainly as a new investment category. The likely future of Bitcoin is also the subject of debate; will it replace the existing system, or will it eventually become “just” another new financial produc

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