1,919 words
The last year has seen the price of a Bitcoin (BTC) crash from $69,000 to just under $16,000, a decline of approximately 77%. This is par for the course with Bitcoin, which usually has enormous 80-90% crashes every four years, with a number of smaller, 25-50% crashes occurring in between.
But as with each cycle, there are distinguishing features that set them apart. In this case, Bitcoin has matured into an asset that now has very liquid futures markets, as well as much wider mainstream adoption. In any gold-rush industry, there are people who use the rampant speculation to make a quick fortune and then exit stage left. (more…)
