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Tumbling rates, growing criticism: Does bitcoin still have a future? | DW News



Bitcoin is wanting a little bit calmer right this moment. However the query is when will the roller-coaster journey proceed once more?
Two months in the past, the crypto-currency was price practically 65,000 {dollars}, the very best it is ever commerce since being founding over a decade in the past. However it’s now again under 40,000. That’s round 40 p.c lower than the place it was buying and selling in mid-April. Critics say it is speculative and traders ought to keep away particularly due to its volatility. The digital foreign money has been on a wild journey. Its more moderen highs and lows topic to the whims of entrepreneur, Elon Musk, whose help or criticism of Bitcoin can drive up the worth or ship it tumbling.

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