The value of Bitcoin, the digital cryptocurrency, has declined by 75 percent since hitting its peak in January.
Now that the bubble has burst, investors who saw the the value of their holdings crash are wondering just what went wrong, write Nathaniel Popper and Su-Hyun Lee at bizjournals.com.
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The virtual currency markets have been through booms and busts before — and recovered to boom again. But this bust could have a more lasting impact on the technology’s adoption because of the sheer number of ordinary people who invested in digital tokens over the last year and who are likely to associate cryptocurrencies with financial ruin for a very long time.
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