Bitcoin has been on a roller coaster ride in its price, its value reached as high as $20,000 in late 2017 to as low as $6,000 within a time frame of just six months. The highly volatile nature of Bitcoin is certainly a blotch on its reputation and certainly this could be why Goldman Sachs’ head of Global Investment Research, Steve Strongin holds the view that most cryptocurrencies ultimately will not survive in the long run and compares it to the dotcom bubble where only a few companies around that time survived. While Bitcoin’s volatile nature is a …
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