IN recent months, there has been a surge of interest in cryptocurrencies (crypto). With banks and institutions slowly embracing it, and Coinbase’s listing on the Nasdaq stock exchange, it can be said that crypto volumes traded will likely continue to see increased growth. Riding this wave of euphoria, the “original” cryptocurrency Bitcoin, has benefitted the most. Bitcoin saw an exponential surge in price from US$29,000 in Jan 1, 2021 to the all-time-high of US$65,000 (R1) in mid-April 2021.
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