Bitcoin Price Surges Post-Inauguration

This is a Wyoming news story, published by PBS, that relates primarily to Bitcoin news.

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cryptocurrencies

PBS

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Bitcoin soars past $100,000 ahead of possible Trump early action on cryptocurrency

Summary

Nutrition label

66% Informative

The price of bitcoin tops $ 100,000 again early Friday morning .

Bitcoin is the world’s most popular cryptocurrency and was created in 2009 as a kind of electronic cash uncontrolled by banks or governments.

The highly volatile nature of cryptocurrencies as well as their use by criminals, scammers and rogue nations, has attracted plenty of critics.

Republican Sen. Cynthia Lummis of Wyoming previously proposed legislation mandating the U.S. government stockpile bitcoin.

Critics say bitcoin’s volatility make it a poor reserve.

Creating such a stockpile would also be a “giant step in the direction of bitcoin becoming normalized,” said Zack Shapiro , an attorney who is head of policy at the Bitcoin Policy Institute .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful