Top
Despite price crash, Bitcoin believers still say the best is yet to come

Despite price crash, Bitcoin believers still say the best is yet to come

August 17, 2018

Via: NBC News

SAN FRANCISCO — In December, Bitcoin seemed like the next big thing. One Bitcoin was nearing $20,000, financial journalists were starting to seriously consider whether Bitcoin could replace safe-space investments like gold and companies sprouted up to sell Bitcoin to the general public.

It’s been pretty much downhill since. One bitcoin is now worth a little less than $6,500, and public interest has waned. Such is life for Bitcoin proponents.

“I’ve seen Bitcoin drop from $20 to $2 and $1,200 to $250,” said Jeremy Gardner, managing partner of the investment firm Ausum Ventures and the proprietor of San Francisco’s Crypto Castle, a living space for people working in cryptocurrency. “Hyper-growth followed by a heavy correction isn’t new.”

Read More on NBC News