FYI: Bitcoin has had a terrific year overall, thanks to a small but dedicated set of believers in the disruptive power of cryptocurrencies who have also enabled many other individual investors to participate in the eye-popping phenomenon. Yet after bitcoin's value fell by more than a third in just a few days last week, and as exchanges struggle to cope with all the investor activity, the market finds itself at an important juncture -- perhaps even a defining one. Either this sharp price correction will act as a catalyst for expanding what, until now, has been quite limited institutional involvement in this market -- or it will become a stage in the deflation of a remarkable and historic asset bubble.
Regards,
Ted
https://www.bloomberg.com/view/articles/2017-12-26/this-may-be-bitcoin-s-moment-of-truth
