Bitcoin has been in existence for 14 years. The elegant mechanism by which it validates itself and supply grows has never been hacked, meaning that the token is not going anywhere. Yet it is now obvious that it is of pretty limited use for payments, as it is restricted by both the high costs and slow speed of transactions. Bitcoin is hardly rallying in isolation: everything is going up. Stockmarkets all over the world are near record highs. So are gold prices. Even bond prices are climbing after a miserable two-year stretch. On March 5th the crypto token rose to an all-time high of just above $69,000 a level sure to delight the meme-loving crypto-crowd before slipping back a little. The record capped a remarkable comeback from the dark days of November 2022. Do you think that bitcoin should be legalised ?

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