The bitcoin price rose almost 50% in the week following SegWit’s approval. On 21 July 2017, bitcoin was trading at $2,748, up 52% from 14 July 2017’s $1,835. Roose, Kevin (8 April 2013) “Inside the Bitcoin Bubble: BitInstant’s CEO – Daily Intelligencer A Bitcoin is a unit of virtual, encrypted currency. Right now, a single Bitcoin unit (abbreviated as BTC) is worth about $140, but that value has fluctuated wildly. A Bitcoin functions like a By Kevin Roose. Dec. 12, 2017; Several years ago, tech enthusiasts in San Francisco began buzzing about a new and mysterious thing called Bitcoin. When Bitcoin’s price was swinging wildly In Mongolia, Mining a Fortune in Bitcoin, Cao Li and Giulia Marchi, The New York Times, September 14, 2017, pp. B1 and B3. The Associated Press, “Bitcoin facing wave of doubt,” Sarasota Herald-Tribune, September 16, 2017, pp. D1 and D4. Kevin Roose, Such Currency, Such Risk, The New York Times, September 16, 2017, pp. B1 and B3. Your should-be-deflationary bitcoin value has become anchored to a fiat price that reflects insolvency. because Bitcoin is deflationary, and its price can only go up. Kevin Roose is a
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