Sep 15, 2017

Bitcoin's no good, horrible, very bad week

Dan Primack, author of Pro Rata

The value of Bitcoin has plummeted so far this week, driven largely by Chinese regulatory action that now includes a pending ban on cryptocurrency exchanges (following an earlier ban on initial coin offerings). Then there also were comments from J.P. Morgan boss Jamie Dimon, who called it a "fraud" and said he'd fire any bank employee "stupid" enough to trade bitcoin. And it probably doesn't help that movie theaters are now showing a film about the tulip bulb bubble.

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Data: Coindesk; Chart: Lazaro Gamio / Axios

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