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Refer to the article "From Barter to Bitcoin" in your Money, Money, Money magazine for a complete version of this text. Based on the information in "From Barter to Bitcoin," one can conclude that the cost of bitcoin makes it unlikely to be a form of currency used by young people any time soon. Which detail from the text best supports this conclusion? "Buyers and sellers use it to make transactions online." "Bitcoin is the most widely used cryptocurrency today." "In mid-2018, one bitcoin was worth \( \$ 6,100 \)." "It first appeared in 2009."

Ask by Hart Barnett. in the United States
Mar 12,2025

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Answer

The detail that best supports the conclusion is: "In mid-2018, one bitcoin was worth \$6,100."

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To support the conclusion that the cost of bitcoin makes it unlikely to be a form of currency used by young people any time soon, we need to identify a detail that highlights the high value of bitcoin. The detail that best supports this conclusion is: **"In mid-2018, one bitcoin was worth \( \$ 6,100 \)."** This statement directly addresses the cost of bitcoin, indicating that its high price could be a barrier for young people to use it as a form of currency. The other options do not provide information about the cost or affordability of bitcoin.

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The detail that best supports the conclusion is, "In mid-2018, one bitcoin was worth \( \$ 6,100 \)." This high price point suggests that for many young people, who often have limited financial resources, the cost of entry to using bitcoin as a currency is prohibitive, making it unlikely for them to adopt it for everyday transactions anytime soon. Additionally, if we consider the broader implications of this conclusion, the fluctuating value of cryptocurrencies can also create a sense of uncertainty. Young people, typically more focused on budgeting and saving, may prefer stable currencies that can be relied upon for daily purchases rather than risk investing in a virtual currency that can change dramatically overnight.

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