Cryptocurrencies, or cyber currencies, which have been in a massive financial mania until their sudden sell-off this week, have two actual uses: online gambling and money laundering. Neither is the heart of a major business model. But that’s it…. Online currencies are hardly a “store of value” when they have fallen about 30% in a week.
STAY AWAY FROM BITCOIN — IT’S COMPLETE GARBAGE
Financial Journalist
Source: MarketWatch