Elon Musk Tweets, Doge Leaps, Bitcoin Retreats Tesla Rescinds Bitcoin Payments Only weeks after announcing that customers can buy Tesla
It was an unprecedented week in all sense. From Bitcoin smashing past US 40K to rioters storming into the US Capitol, several unparalleled events happened this week for the first-ever time. Interestingly, Blockchain and Crypto featured in both of them. These and many more in this week’s newsletter.
After an unexpected and unprecedented 2020, we have now ushered in 2021. How will this year be, we cannot predict. Similarly, how high will the price of the Bitcoin grow this year – we don’t know. But, the bull run is still on as the price inches close to a historic US $30K mark. This one and many more in this week’s newsletter.
Bitcoin price soars above US $15,000. A portion of Silk Road bounty captured by the US DoJ. AP records the US elections on Blockchain. These and many more in this week’s newsletter.
Despite the many merits, why are countries not rushing to introduce this new form of money? Why are countries spending years on research and launching long term pilots? What are the key considerations for effectively implementing a digital currency?