In the last few weeks, Bitcoin has burst back into the public discourse, following a huge surge in its price. The price, which began the year at under $4000 per bitcoin, reached $12,000 in June 2019. This has led many to speculate a potential return to the highs it saw in its price towards the end of 2017. For many, bitcoins and cryptocurrencies have been major technological revolutions that the world has seen over the past few years. The fact that a lot of demand for cryptocurrency stems from countries experiencing high inflation and currency devaluation attests that bitcoin has emerged as a viable alternative to people reeling under economic duress. CPPR Senior Research Associate, Anupama Ghosh writes..
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