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Bitcoin Might Finally Be Collapsing, and That’s a Good Thing

Bitcoin Might Finally Be Collapsing, and That’s a Good Thing

Bitcoin David Sandron/Shutterstock.com Bitcoin was the first mainstream cryptocurrency, but its high price has ensured it remains popular, even as the technology behind it became more outdated and inefficient. Now, Bitcoin might finally in a death spiral. One Bitcoin is still worth around $17,000, as of when this article was published, but that’s a significant drop from where the currency was valued a year ago. The currency was at an all-time high of around $68,000 in November 2021, so if you bought some then, you would have lost over 70% of your money. Bitcoin’s value is based entirely on its […]