Will Luxury Watches See a Crypto-Fuelled Comeback?
Bitcoin’s stratospheric surge may give luxury watch enthusiasts more reason to hope the market’s two-year downturn could be nearing its end.
The oldest and largest cryptocurrency has rocketed to new highs following the November election of Donald Trump, who has promised a crypto-friendly administration. He has already made a number of cabinet picks seen as favourable to the industry, while the once far-fetched idea of the US establishing a strategic Bitcoin reserve, similar to its strategic oil reserve, seems increasingly possible. On Tuesday, Bitcoin’s price broke $108,000 before falling back slightly, marking a peak far beyond the levels it hit during its previous heights in late 2021.
In those days, when crypto was on a high and…
