Laith Khalaf: Don't write off Bitcoin just yet

Cryptocurrency

clock • 3 min read

Laith Khalaf explores the rise and fall and potential rise of Bitcoin and says the future of the currency is impossible to predict...

A 70% fall in the value of an investment in the space of nine months is normally something that should at least precipitate a sharp intake of breath. In the case of Bitcoin though, its prodigious fall from grace since it peaked last November is pretty par for the course. It's not even the cryptocurrency's worst drawdown in the last five years - it fell by 83% in the year to December 2018. Of course, most of us intuitively grasp that what goes up like a rocket can fall back to earth just as sharply. But before you open your jar of crypto-dodger schadenfreude, just bear in mind that the...

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