Ron Insana: Bitcoin could be the mother of all manias as it soars toward $100,000

By CNBC | Nov 21, 2024 at 02:57 PM EST

With bitcoin's price soaring towards $100,000, questions arise about its utility as a currency. Despite its rising market capitalization, bitcoin is yet to function effectively as an alternative currency due to limited usage in transactions. Critics argue its value lies more in speculation than practical use.

Did you find this insightful?

Bad

Just Okay

Amazing

We are preparing, please wait

New Alert

Select an alert type

Sentiment Spike

Send email alert if news sentiment changes significantly

Mentions Spike

Send email alert if has a surge in mentions

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.