Bitcoin has wiped out more than half its value amid waves of negative news after reaching a record high of $19511 on Dec. 18. read more
As the South Sea Bubble of 1719-1721 revealed, financial innovations are often accompanied in their initial stages by bubbles; the inevitable bust doesn’t necessarily kill the innovation. Something similar, I now believe, will prove to be true of Bitcoin and cryptocurrencies in general. read more
Bitcoin whipsawed investors, falling below $8,000 for the first time since November before recovering most of today’s losses, as a miserable 2018 continued for cryptocurrencies, with investors confronting a mounting list of concerns about the future of the industry. read more