DW News published this video item, entitled “Tumbling rates, growing criticism: Does bitcoin still have a future? | DW News” – below is their description.
Bitcoin is looking a little calmer today. But the question is when will the roller-coaster ride continue again?
Two months ago, the crypto-currency was worth nearly 65,000 dollars, the highest it’s ever trade since being founding over a decade ago. But it’s now back below 40,000. That’s around 40 percent less than where it was trading in mid-April. Critics say it’s speculative and investors should stay away especially because of its volatility. The virtual currency has been on a wild ride. Its more recent highs and lows subject to the whims of entrepreneur, Elon Musk, whose support or criticism of Bitcoin can drive up the price or send it tumbling.
DW News YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
