Bitcoin hit new highs this week, and Business Insider CEO Henry Blodget is calling it the “perfect asset for a speculative bubble.”
The cryptocurrency recently “forked,” which resulted in every coin being split into one coin, and one unit of something called bitcoin cash. Now the question becomes whether bitcoin cash will be as popular or widely used as regular bitcoin. If it fails, that won’t have any direct effect on bitcoin, and if it becomes useful, it’ll be another purely speculative investment vehicle.
Get the latest Bitcoin price here.