Cryptocurrencies on a Bumpy Ride in Bali
The Bitcoin Roller‑Coaster
Bitcoin’s price has been doing the “came, went, and came again” routine this month.
After a dip below those scary $10,000 thresholds (about £7,187), the crypto giant bounced back to around $11,000 (£7,900).
But analysts warn this volatility isn’t going anywhere—especially with hints that big‑name countries like China and South Korea are mulling bans on crypto trading.
Bali Steps Up to the Plate
Reuters reports that Indonesian officials are monitoring bitcoin usage on the tourist paradise of Bali. The aim? To keep the island’s finance system from turning into a digital pirate playground.
Indonesia’s central bank has issued a stern warning about the risks of virtual currencies, aligning with its regional buddy, Singapore.
From “An Amazing Scam” to a Puzzle
Former Wells Fargo CEO Dick Kovacevich recently slammed bitcoin in the press, calling it a “pyramid scheme.”
He added that it “makes no sense” and was “surprised” it wasn’t even lower.
The debate shows only that crypto still walks the tightrope between hype and skepticism.
