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Bitcoin Crash, Rebound on Elon Musk Tweets Shows Its Failings - Bloomberg

Opinion

Mark Gongloff, Columnist

Bitcoin Keeps Failing at This ‘Future of Money' Thing

It’s fun to trade, but you wouldn’t want to hedge inflation or buy pizza with it.

May 19, 2021 at 4:31 PM EDT

By Mark Gongloff

Mark Gongloff is a Bloomberg Opinion editor and columnist covering climate change. He previously worked for Fortune.com, the Huffington Post and the Wall Street Journal.

Maybe he’ll sell you a Tesla.
Photographer: David Ryder/Getty Images North America

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Maybe we should change Bitcoin’s name to MuskCoin and be done with it.

Before it’s here, it’s on the Bloomberg Terminal

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