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Features Australia

Crypto is useless money

Even central bank digital currency can’t go mainstream

30 March 2024

9:00 AM

30 March 2024

9:00 AM

In 2013, Cameron and Tyler Winklevoss filed the first application to operate a bitcoin exchange-traded fund in the US. The same year, the US-listed Grayscale Bitcoin Trust, which indirectly holds bitcoin, began trading – the trust owns shares in trusts that hold bitcoin. These actions were part of a push to popularise the ability to pay over the internet by computer code (rather than moving money electronically in bank-to-bank wire transfers).

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