Bitcoin Drops Again. Skeptical Investment Strategist Calls It Useless

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News Source : Slashdot.org

News Summary

  • Skeptical Investment Strategist Calls It 'Useless' Well, he is correct in that speculation isn't useful.
  • He did kind of missed out sanction busting though.
  • North Korea is known to use it.
  • It's starting to look as though this vote of confidence for bitcoin [whitehouse.gov] was the kiss of death, although the rot really set in around 3 months later.
  • That's just par for the course, everything el Bunko touches dies.
Friday Bitcoin closed at just $59,948 dropping 19% just for June and more than 50% lower than its record high in October of $124,310.

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