The freefall in the value of Bitcoin and other cryptocurrencies has shaved off $500bn of market value, but this may be only the beginning of a brutal end.
Financial analysts such as Nouriel Roubini has called Bitcoin “the mother of all bubbles.” In an interview with Bloomberg on Wednesday, Roubini called the fundamental value of Bitcoin “zero” and the whole cryptocurrency industry a scum.
That is not only the view of Roubini.
A Goldman Sachs report dated February 5 projects that most current ...


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