Is bitcoin the new gold? Or will we all look back at the whole crypto thing and think we were crazy to put so much value in a digital currency that was never going to be used? － AFP “Buy bitcoin!” my friend told me way back in the spring of 2020. And of course, I laughed at him and proceeded to put my money in a savings account so it could earn 0.000000001% interest. Of course, in that time bitcoin has hit all-time highs, although recently it’s fallen off again, leading sceptics to speculate that the cryptocurrency is heading for one of its dramatic crashes. A few years back bitcoin hit all-time highs and promptly lost most of its value before rebounding in 2020.