The Economist revisits Bitcoin, months after it previously covered the digital currency at about the time the exchange rate hit its to-date peak. Excerpts:
‘It is hard to say for sure why Bitcoin crashed the way it did. One plausible hypothesis holds that the currency’s rise was the result of a speculative bubble. As the currency made more headlines around the globe (including in The Economist), less techie types wanted in on the action. Then, like Mr Falkvinge, they decided to cash in, and the bubble burst”.
“Those who have remained faithful to Bitcoin claim to be unfazed by such wild market swings”.
- http://www.bitcoinmoney.com/post/11736030575 (Commentary)