Roughly 7 months ago, I wrote the blog post titled “Bitcoin mania will end in tears.” Given my experience during the internet stock bubble of 1999, it felt like bitcoin and crypto were in a similar period of boom soon to be followed by bust. Those who said “this time is different” were proven wrong, again.
Unless you are living under a rock, you surely have heard of bitcoin as it surpassed the $10,000 mark yesterday and briefly topped $11,000. You may have no idea what it is or how it works but the stories of kids turning into multimillionaires in short order are undoubtedly tickling your greedy side. We are all human and can't resist the thought of turning a few dollars into millions and then enjoying ourselves sipping a
Fidelity Investments announced on Wednesday that its clients can now view their holdings of Bitcoin and other cryptocurrencies held through digital wallet provider Coinbase. The process is much like linking your other bank accounts so you can see your entire financial picture in one snapshot.