Mises Wire
Author:
John Tamny
Online Publish Date:
Owners of Bitcoin have endured a wild ride in recent years. While the coin could fetch $900 when 2017 began, one year later its value briefly moved above $20,000. At present, one Bitcoin exchanges for roughly $5,000. The coin’s substantial volatility ably explains why, at least for now, it’s not seen as a worthy substitute for the dollar. It more