Predicting the future direction of Bitcoin and other cryptocurrencies has often proved to be a fool’s errand. One explanation cited by some economists for this year’s collapse in digital currency prices also suggests that a major Bitcoin rally may not return for a while.
An article written by noted Japanese economist Yukio Noguchi last week has been circulating among Bitcoin enthusiasts. In it, Noguchi argues that the turning point in the Bitcoin rally coincided with the introduction of a Bitcoin futures market in the United States.
