Bitcoin: Revolutionary Breakthrough, Or Mother Of All Bubbles

Nikki Beesetti paid for a semester’s tuition with a single Bitcoin she bought in 2017. Rafa Ayoub/Nikki Beesetti

Rafa Ayoub/Nikki Beesetti

If you think America’s politics are polarizing, consider Bitcoin. The price of a single Bitcoin today hovers around $50,000. Ten years ago, in its infancy, it was around a buck. The digital currency’s meteoric rise has minted millionaires and energized true believers around the world. That’s only convinced skeptics that Bitcoin is the mother of all bubbles.

In recent weeks, the price of Bitcoin has been driven higher following highly publicized investments from the carmaker Tesla and the life

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