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