“Bitcoin is bust: Why investors should abandon the doomed cryptocurrency” – City A.M. | $338.62

Last updated on January 2nd, 2018 at 12:00 am

And so the whole bitcoin system eventually becomes a house of cards, and anything – a scandal, a government attack, whatever – could trigger a loss of confidence leading to a run that brings it all down. . . . There will be a stampede for the exit, the price of bitcoin will drop to its intrinsic value – zero – and the system will collapse. The only question is when.

 

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