#GENIUSAct What would you prefer: a deposit on a nice house in Melbourne, or one whole bitcoin? Well, right now, they’ll set you back about the same amount.
The well-known cryptocurrency is on a high, hitting $US122,000 ($186,000) on Wednesday, with eager investors buying in ahead of US President Donald Trump’s “crypto week”, where Republican lawmakers are attempting to pass a raft of pro-crypto legislation in a bid to cement the country as the “crypto capital of the world”.
For many, bitcoin’s record rally feels like much of the same, with the digital currency being renowned for its volatility. However, true believers say this time it’s different, and a lot of that has to do with Trump signalling a virtuous new era for cryptocurrencies.$XRP