Navigating Bitcoin is as much art as economics

[Bloomberg]( Follow Us [Get the newsletter]( As the world became increasingly digital, it stood to reason that eventually our money — how we create it, how we spend it, how we invest it — would become digital, too. The advent of Bitcoin, the first decentralized cryptocurrency, was a curious phenomenon, but in recent years it has skyrocketed in value (although its instability makes it [not an asset for the faint of heart](). Now [companies are investing]( in crypto; the [art world]( is enthralled by it; and governments are pondering how to manage its risks while still [encouraging innovation](. The only thing we’d count on? Crypto is here to stay. [Crypto’s Rising. So Are the Stakes for Governments Everywhere]( — Bloomberg’s editorial board If 60/40 Recipe Sours, Maybe Stir in Some Bitcoin]( — Mark Gilbert [What’s India’s Beef With Bitcoin, Really?]( — Andy Mukherjee [Trump’s Last-Minute Bitcoin Rule Hits the Wrong Mark]( — Aaron Brown [Rich Millennials Are Splashing Millions on Crypto Art]( — Andrea Felsted [India Bitcoin Ban Would Be a Terrible Idea]( — Shruti Rajagopalan [The NFT Craze Actually Does Make Sense]( — Tyler Cowen [Fed’s Digital Dollar Would Look Nothing Like Bitcoin]( — Noah Smith This is the Theme of the Week edition of Bloomberg Opinion Today, a digest of our top commentary published every Sunday. Paid Post The power of PayPal online, now in person. PayPal gives your business a way to accept touch-free, in-person payments. Generate your QR code from the app, then display it on your device or print it out. No new equipment required. [Download the app.]( Customer must have PayPal account and app to pay. PayPal  Like Bloomberg Opinion Today? [Subscribe to Bloomberg All Access and get much, much more](. You’ll receive our unmatched global news coverage and two in-depth daily newsletters, The Bloomberg Open and The Bloomberg Close. Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. [Learn more](.  You received this message because you are subscribed to Bloomberg's Bloomberg Opinion Today newsletter. [Unsubscribe]( | [Bloomberg.com]( | [Contact Us]( Bloomberg L.P. 731 Lexington, New York, NY, 10022