Is Bitcoin Becoming Harder to Spend Amid All-Time Highs?
Despite bitcoin enjoying an upward rise in value, the digital currency is getting harder to spend, according to Canadian reporter Don Pittis.
In 2010, Laszlo Hanyecz made history when he became the first person to purchase two Domino’s pizzas for 10,000 bitcoins. At the time, the value of the coins were worth very little. Now, though, one bitcoin is trading around $6,600.
According to Pittis, a reporter for CBCNews, though, while bitcoin may seem like a success, he thinks that it has derailed from its initial purpose.