Economy

Bitcoin billionaires: The digital currency is no bubble

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“Money is a network. People believe in the U.S. dollar, it has more value. People believe in bitcoin, it has value. People believe in gold, it has value. And that’s not a linear increase. By definition, the more people that get into bitcoin, it makes it more valuable, and when we try and take like equities or stock bubble-type frameworks to bitcoin, it’s really — it’s misguided, because it’s a network, it’s not a company,” Cameron said during an interview on FOX Business’ “Wall Street Week.”

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Categories: Economy