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The New Daily
The New Daily
Technology
Alan Kohler

Alan Kohler: The internet is a battleground between billionaires and altruists

Alan Kohler Internet Bitcoin Twitter Inc. Elon Musk Jack Dorsey Tesla Inc. Google Facebook Microsoft
The most important infrastructure of our lives shouldn't be left to billionaires to play with, writes Alan Kohler. Photo: Getty/TND

Last week the price of Bitcoin went back above $US20,000 apiece and its market cap – that is the total value of all Bitcoins – regained $US400 billion.

Tesla’s market cap, meanwhile, did NOT go back above $US400 billion, having fallen below that level about a month after Bitcoin’s did in November. Tesla’s share price continues to flounder at two-year lows, down 70 per cent from its peak.

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