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New data proves almost no one uses Bitcoin as currency. It's actually more like gambling

  • Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
New data proves almost no one uses Bitcoin as currency. It's actually more like gamblingShutterstock

Bitcoin boosters like to claim Bitcoin, and other cryptocurrencies, are becoming mainstream. There’s a good reason to want people to believe this.

The only way the average punter will profit from crypto is to sell it for more than they bought it. So it’s important to talk up the prospects to build a “fear of missing...

Read more: New data proves almost no one uses Bitcoin as currency. It's actually more like gambling

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