What if bitcoin hits $1 million?

<p>Bitcoin is surging. Last month, it surpassed $50,000 per coin, and big institutions are buying in alongside retail investors. The new frenzy has started, partially due to Elon Musk's Tesla announcing its purchase of $1.5 billion worth of Bitcoin. So, why now? And what if the bitcoiners are right, and this is only the beginning?&nbsp;</p><p>This podcast was brought to you thanks to the support of reader of The Times and The Sunday Times. Subscribe today and get one month free at: <a href="https://www.thetimes.co.uk/subscribe/?utm_source=podcast&amp;utm_medium=audio&amp;utm_campaign=podcastsubs&amp;utm_content=storiesofourtimes" rel="noopener noreferrer" target="_blank">thetimes.co.uk/storiesofourtimes</a></p><p>Guest:</p><p>Nic Carter, Partner at Castle Island Ventures and co-founder of Coin Metrics.&nbsp;</p><p>Host: Asya Fouks.</p><p>Clips used: CNN, CNBC, and Bloomberg.</p> &#10;&nbsp;<br /><hr><p style='color: grey; font - size: 0.75em; '>See <a style='color: grey; ' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>