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Cryptocurrencies have allowed digital ransom and extortion to explode in recent years.
The Federal Reserve is thinking about a central bank digital currency for the U.S., which would be less volatile than Bitcoin.
But experts say that other governments are watching what happens in China, and could follow with restrictions of their own.
“We could have told him about Bitcoin and energy use. Why has Musk changed his mind now?”
Laura Shin, one of the first reporters to cover crypto-assets full time, says Bitcoin’s “the most fascinating thing” she’s watched.
The cryptocurrency joins an exclusive club that includes Apple and Microsoft.
Mainstream banks may offer a layer of legitimacy to cryptocurrency that is appealing to big institutional investors.
Bitcoin spiked 14% and appeared to briefly hit a new all-time high. Shares of Tesla moved higher as well.
GameStop’s stock price rose more than 8,000% at one point.
Those looking to dip their toes into Bitcoin expect the same regulatory clarity and protections that come with traditional assets.
