Bitcoin has pushed through the $US100,000 barrier for the first time, while the Australian currency languishes near seven-month lows and the ASX ekes out modest gains. Here's how the day's trade unfolded, with insights from our business reporters, on the ABC News markets blog.
All of those things are linked to assets that actually exist, and produce something. Their value is based on the tangible thing that is produced.
Bitcoin is based on how many crypto lock scams were successful in getting the ransom paid this month, and how much dirty money a crime syndicate needed laundering.