Sure, Bitcoin’s Price Is Cool, but Bitcoin’s Technology Is Hot

Bitcoin is back in the news.

As a wave of institutional liquidity pours into Bitcoin’s markets, even some of its staunchest critics are finding it hard to dismiss the 12-year-old asset as its price surges to new all-time highs. 

At the very least, these past three years have proven that Bitcoin is certainly not dead. At the most, it gives credence to the investment thesis of its most bullish proponents: that it is one of the most revolutionary technologies of its time.

Related: Market Wrap: Bitcoin Pushes Past $23.7K While Crypto Locked in DeFi at All-Time High

But what makes bitcoin so unlike any other investment (or cryptocurrency) that blue chip insurance funds, hedge funds, and asset managers are now comfortable with buying it? 

Read more: Over $20K? Why Is Bitcoin Worth Anything at All?

Bitcoin is a synthesis of decades of cryptographic technology and research with numerous precursors and false starts that predate it. For all of its…

Source link