What a difference a year makes. One year ago, cryptocurrencies were confounding all expectations. The value of a single bitcoin reached $16,477 in January 2018, with little sign of falling. A year later and those caught up in the wave of hysteria will feel disappointed. The price of bitcoin has fallen to below $4,000, and its long-term future is very much in doubt. Many analysts believe even the $4,000 figure is too high.
February 26, 2019