Business Standard

Cryptos should be seen as a public good

Elon Musk's $1.5 billion investment in bitcoin last week is testimony to the potential of the digital asset.


Sumit Gupta
Cryptocurrencies and global regulatory bodies have had a “Will they, won’t they” from the time of bitcoin’s inception. From initial distrust and contempt from global regulators to curiosity, to a gradual, cautious acceptance, things have come a long way since 2012. In the United States, the bull run of 2017 was the watershed moment, when the Securities and Exchange Commission and the Commodity Futures Trading Commission began taking an active interest in cryptocurrencies and initial coin offerings. A little under $1 billion of that amount went into two crypto-based startups, the sheer volume of which was enough to pique the
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Feb 14 2021 | 8:52 PM IST

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