Did The Bitcoin Bubble Burst? Or Did Someone Pop it?
Any seasoned investor will tell you that what goes up in a hurry is likely to come down the same way. And to the surprise of very few in the investing community, the incredible boom in Bitcoin prices over the last few weeks — when the decentralized cyber currency traded at highs of $266 — ended just as dramatically. As of today, Bitcoin is trading at around a much more reasonable $75. There are a number of reasons for the bursting of the Bitcoin “bubble,” as it is still considered an experimental currency. But the main reason for the current […]