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Church of bitcoin awaits blessing

The Observer

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April 27, 2025

One way to think about the relationship between gold, bitcoin and the dollar is as a battle between three monetary religions.

The weakening dollar may reflect declining faith in the system of government-backed fiat currencies that has dominated economic policymaking since the 1970s. Some doubtful investors are returning to the old religion of gold, which has risen by about a third against the greenback this year, touching an all-time high last week of more than $3,500 an ounce. And bi

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CEOs face same censure as stars over crimes and misdemeanours

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The chancellor, Rachel Reeves, was the still point of the turning world in cabinet but, around her, economic and social policy is shifting.

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