Virtual currency takes a dive … for now

Cryptocurrency has been on a roller coaster ride since it’s inception, but in December, Bitcoin seemed poised to take off. The highs didn’t last, and now the currency has take a dive. An article on NBC.com says, “I’ve seen bitcoin drop from $20 to $2 and $1,200 to $250,” said Jeremy Gardner, managing partner of […]

Cryptocurrency has been on a roller coaster ride since it’s inception, but in December, Bitcoin seemed poised to take off. The highs didn’t last, and now the currency has take a dive.

An article on NBC.com says, “I’ve seen bitcoin drop from $20 to $2 and $1,200 to $250,” said Jeremy Gardner, managing partner of the investment firm Ausum Ventures and the proprietor of San Francisco’s Crypto Castle, a living space for people working in cryptocurrency. “Hyper-growth followed by a heavy correction isn’t new.”

Is it likely this virtual currency will rebound? Read the full story here.

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