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Bitcoin: If currency crashed, plunge would harm its investors but not economy

January 23, 2018


If bitcoin, which skeptics say is a bubble, suffers the same fate as past financial manias, look out below.

Fears of a bitcoin crash are growing amid an early-year plunge that has wiped out 50% of the digital currency’s value since its December peak of $19,500 per coin.

“There is significant precedent to suggest that the more rapid the appreciation, the more rapid the depreciation,” says Scott McGann, a finance lecturer at San Diego State University.

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