“And so the whole bitcoin system eventually becomes a house of cards, and anything – a scandal, a government attack, whatever – could trigger a loss of confidence leading to a run that brings it all down. . . . There will be a stampede for the exit, the price of bitcoin will drop to its intrinsic value – zero – and the system will collapse. The only question is when.”
Kevin Dowd, Economist · Bitcoin since: +18,913%
As published by City A.M.
Bitcoin Is Bust: Why Investors Should Abandon The Doomed Cryptocurrency ↗