As Bitcoin climbs, is crypto becoming mainstream?

As Bitcoin climbs, is crypto becoming mainstream?
(Image: Depositphotos)
Gregor Thompson
As prices for cryptocurrency scale fresh highs on a near-daily basis, are analysts in New Zealand starting to take it more seriously?Fuelled by confidence after getting the green light from the United States' market regulator, Bitcoin surged in price to a record US$74,000 (NZ$120,000) this week, up nearly 40% in the past month.BusinessDesk surveyed eight analysts and while some didn't have an opinion, others outright rejected the proposition.One of those is BNZ senior markets strategist Jason Wong.“I wouldn’t touch it with a...

More Markets

Advent International eyes NZ deals with Aussie outpost
Markets

Advent International eyes NZ deals with Aussie outpost

US private equity giant says NZ key market for growth.

These shares are 'priced for awful'
Markets

These shares are 'priced for awful'

Kathmandu, SkyCity and Fletcher shares are under pressure. Some are taking the plunge.

NZ sharemarket drifts lower
Markets Market close

NZ sharemarket drifts lower

The S&P/NZX 50 Index closed at 11,776.73, easing 12.65 points or 0.11%.

Graham Skellern 02 Jul 2024