9 years ago
1
Bitcoin is the worst investment of 2014
There was plenty of ugliness to be found in the markets this year. Ukranian and Venezuelan sovereign debt. High-yield, energy-related corporate bonds. Argentine pesos. Russian rubles. Greek stocks. But none of these investments has been as atrociously awful as bitcoin, the heavily hyped crypto-currency that stormed onto the financial scene in the last few years, threatening to disrupt the cornerstone of global finance that is fiat currency.
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Wow, I remember when Bitcoin hit the 1000 usd per coin mark, people were going absolutely ape shit over it. Its now down to below 400 bucks, what a fall.