Flaws in Bitcoin make a lasting revival unlikely

In January Satoshi Capital Research, a cryptocurrency firm, declared that Bitcoin transactions in 2018 totalled $3.3trn, more than six times the volume handled by PayPal. For a presentation on March 20th to the Securities and Exchange Commission, an American financial regulator, Bitwise Asset Management, a cryptocurrency-fund manager, analysed 81 cryptocurrency exchanges. In 2017 John McAfee, a cryptocurrency enthusiast who made his money in antivirus software, said that if Bitcoin was not worth $1m in 2020 he would eat an intimate part of his anatomy on television.

Source: www.economist.com