I wrote in my last column that bitcoin is really a bitcon. I’ve been telling you this since the price of this “investment” collapsed from around $20,000 to $4,000 last year.
Mario Draghi, head of the European Central Bank, echoed a similar view last week but didn’t do it quite as colorfully.
Last Thursday night bitcoin crashed by about $1,000, to around $7,000.
Bitcoin will soon be worth zero. But until then criminals will still be able to use it and other digital currency to move money around the world without being caught.
Eulogy made by John Crudele
Disclaimer
Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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Fix the price in the title