Is Bitcoin the currency of future?
Image:https://en.bitcoin.it/wiki/Promotional_graphics
The story of Bitcoin, the virtual currency, is a perfect case study that can be employed to educate people about the rise and fall of an “irrational exuberance” which initially led to a ferocious surge in Bitcoin prices only to be hammered brutally later on. Such riveting is the story that you can just make a movie on it, as the story does provide you with ample twists and turns with suspense brimming from all quarters. What started out as a promising story is now facing murky waters (the latest auction of 30,000 Bitcoins by the US Marshall Service clearly reflects the lack of faith in the electronic currency) but definitely we, the Bitcoin analysts, believe that there is light at the end of the tunnel.
The Turmoil:
In August 2013, Bitcoin prices were comfortably trading at around $125 and in less than 4 months, the price had…
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Namta Gupta 