Initially printed in The Conversation, below Inventive Commons licence CC-BY-ND. Up to date right here by the writer.
Mainstream commentators are sometimes dismissive of the individuals who purchase bitcoin, writing them off as naive victims of a fraudulent bubble. But when we glance extra fastidiously, we will hint the historical past of bitcoin, and its rising acceptability, by the arrival of various sorts of patrons. Every group has been drawn by a special narrative of bitcoin’s worth, and it’s these teams and narratives which have regularly contributed to its long-term development.