People will say all kinds of things about what Bitcoin is: digital gold

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the successor to the dollar as a reserve currency, the future of money, whatever

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The thing about Bitcoin, though, is that it’s volatile

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the market is feeling risk-averse. Bitcoin’s price in dollars has fallen by more than a third since January 1st

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A drop this dramatic doesn’t have just one cause, though it probably didn’t help that we’ve been exiting zero interest rate policy

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the US central bank had set interest rates quite close to zero in order to stimulate the economy.

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In that environment, it doesn’t make sense to keep money in your savings account

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your savings won’t earn enough interest to keep up with

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like this?

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