Is Bitcoin Fundamentally Incapable of Mass Adoption? The Economist Thinks So

Is Bitcoin Fundamentally Incapable of Mass Adoption? The Economist Thinks SoAn article out today in the Economist lists several reasons why Bitcoin may never have a “long-lasting” recovery. The unnamed author writes, in part: “The bust has been correspondingly brutal. Those who bought near the top were left with one of the world’s worst-performing assets. Cryptocurrency startups fired employees; banks shelved their products. On March 14th the CBOE said it would soon stop offering Bitcoin futures.” He or she neglects to mention that Bitcoin has previously been one of the best performing assets as well. An interesting point to make: Bitcoin over the past three years has been the best
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An article out today in the Economist lists several reasons why Bitcoin may never have a “long-lasting” recovery. The unnamed author writes, in part: “The bust has been correspondingly brutal. Those who bought near the top were left with one of the world’s worst-performing assets. Cryptocurrency startups fired employees; banks shelved their products. On March 14th the CBOE said it would soon stop offering Bitcoin futures.” He or she neglects to mention that Bitcoin has previously been one of the best performing assets as well. An interesting point to make: Bitcoin over the past three years has been the best

The post Is Bitcoin Fundamentally Incapable of Mass Adoption? The Economist Thinks So appeared first on CCN

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