Is Bitcoin Rally Different This Time?

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Dec.01 — David Garrity, chief market strategist at Laidlaw & Co. (U.K.) and founder of BTBlock, discusses the outlook for bitcoin, which pulled back after approaching $20,000 on Tuesday amid skepticism over the cryptocurrency’s intense rally. The token hit a previous peak of $19,511 in December 2017 amid widespread elation, only to lose 70% over the course of the following year. Garrity speaks with Haidi Stroud-Watts and Shery Ahn on “Bloomberg Daybreak: Asia.”

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  2. Dear Bitcoin fanatics, please try to explain to me how bitcoin is better then fiat when bitcoin is literally bound to fiat as it does not have any real worth besides what people are ready to offer for it which is basically worthless when noone offers to exchange it for fiat?

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