In my head, bitcoin is pretty pebbles exchanged among enthusiasts. But 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 subscribe0.04% as diverging sectors balanced the scales: Telecoms stocks added 0.78% while retail stocks lost 0.77%.
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.
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