Where is bitcoin headed to next? $100,000 – or $12,000?

The bitcoin price has stabilised after the recent crash. But if the environmental question isn’t tackled, further falls are likely, says Dominic Frisby.

Bitcoin
Bitcoin has crashed about 50% in in the last month due to a number of factors.
(Image credit: © Jakub Porzycki/NurPhoto via Getty Images)

One of bitcoin’s original goals as a decentralised currency, was that it obviated the need for central banking.

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Dominic Frisby

Dominic Frisby (“mercurially witty” – the Spectator) is as far as we know the world’s only financial writer and comedian. He is the author of the popular newsletter the Flying Frisby and is MoneyWeek’s main commentator on gold, commodities, currencies and cryptocurrencies. He has also taken several of his shows to the Edinburgh Festival Fringe.

His books are Daylight Robbery - How Tax Changed our Past and Will Shape our Future; Bitcoin: the Future of Money? and Life After the State - Why We Don't Need Government

Dominic was educated at St Paul's School, Manchester University and the Webber-Douglas Academy Of Dramatic Art. You can follow him on X @dominicfrisby