bitcoin price
Economist paints woeful outlook if Bitcoin were to ever succeed | CryptoSlate
published: 1 hour ago
London School of Economics teacher Jon Danielsson argues that Bitcoin and fiat currency cannot co-exist.
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In a matter of hours, the price of Bitcoin went from just over $57,500 to bottoming at $46,700. The dip cut Bitcoin’s market cap down by nearly $100 billion, from above a historic $1 trillion to now just above $900 billion. Bitcoin has been in price discovery mode since it first broke the $20,000 price zone—the previous all-time high registered in 2017. It is called “price discovery” because traders have no previous experience buying and selling above that specific price.
