Bitcoin boom widens divide between junkies and the sceptics | Business

Chantel Jeffries and Christine Lagarde epitomise two increasingly polarised camps when it comes to bitcoin: the cryptojunkies and the cryptosceptics.

Jeffries is a Californian YouTuber, DJ, model and musician who delights her 4.7 million Instagram followers with swimwear selfies.

A few days ago, a TikTok video emerged of the 28-year-old influencer gushing about how she had owned bitcoin since 2017 and found it “entertaining” to watch the virtual currency’s price rise over the past year. Last week’s crash was an “opportunity to buy so much more”. She tweeted a link to online exchange Coinbase so her followers could trade in cryptocurrencies.

Meanwhile, Lagarde, 65, president of the European Central Bank, is fast becoming one of the most influential voices among the cryptosceptics.

“For those who

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