Cryptocurrencies and Price Volatility

In a recent KCS Fireside Chat article, we discussed cryptocurrencies (specifically Bitcoin), in which we raised concerns about the volatility in price being a possible deterrent that would likely keep these “currencies” from gaining greater mainstream use.  At the time of the article, bitcoins had declined in value from $3,018 to a little over $2,500.  Today, bitcoins are trading at just over $2,000 ($2,032) representing a 32.7% price decline since early June.  Bitcoin is not the only cryptocurrency falling in value, as the prices for most of the leading digital coins have fallen significantly in the last week.

 

 

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