In my head, bitcoin is pretty pebbles exchanged among enthusiasts. No one’s really using it to buy other goods.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeTuesday. South Korea's Kospi index lost 0.4%, while the country's consumer price index for August rose just 2% year on year, the lowest since March 2021.
Boy, is cryptocurrency strange. I don't mean that in a derogatory way. On the contrary, I'm dazzled by how high the price ofThat's because, to me, cryptocurrencies are like pretty pebbles on the beach. Someone likes them and starts collecting them. Someone else appreciates the pebbles' beauty. Pebbles exchange hands for a price.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CNBC Daily Open: Bitcoin isn't really a currency (yet)In my head, bitcoin is pretty pebbles exchanged among enthusiasts. But no one’s really using it to buy other goods.
Read more »
CNBC Daily Open: Soft landing in sight?With tamer inflation, hotter economy, stable jobs market, there are signs that the economy’s cleared for a soft landing.
Read more »
CNBC Daily Open: All cleared for a soft landing?With tamer inflation, hotter economy, stable jobs market, there are signs that the economy's cleared for a soft landing.
Read more »
CNBC Daily Open: It's not completely bad news that Nvidia fellIt’s the tragedy of the overachieving child. Despite ridiculous revenue growth number, Nvidia’s shares fell about 6% yesterday.
Read more »
CNBC Daily Open: Nvidia fell, but that may be a good thingIt’s the tragedy of the overachieving child. Despite ridiculous revenue growth number, Nvidia’s shares fell about 6% yesterday.
Read more »
CNBC Daily Open: Nvidia fell, but that may be a good thingIt’s the tragedy of the overachieving child. Despite ridiculous revenue growth number, Nvidia’s shares fell about 6% yesterday.
Read more »