Bitcoin has been on a rollercoaster, to say the least.
In 2011, a New York Times article predicted that bitcoin—one of the most well-known virtual currencies—would collapse after a ninefold increase in value (Beales and Cyran 2011). At that time, a single bitcoin was worth about nine dollars. Since then, a single bitcoin reached a value of nearly $46,000 six months ago—only to drop to near half that value as of this writing.
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