Op-Ed: Why the Bitcoin Bubble Burst is Good for Crypto

TweetShare Even the most ardent crypto evangelist must admit that bitcoin appears to have been the worst investment of 2018, at least in pure dollar terms. The cryptocurrency has lost almost 80 percent of its market capitalization since it established an all-time high at around $327.15 billion. The adoption rate and volume have dropped likewise. Organizations that were planning to launch their bitcoin-based services have delayed their projects or scrapped them entirely. As any seasoned trader would say, the bitcoin bubble is bursting — or has burst already. The Anatomy of a Bitcoin Bubble In pure dollar terms, the bitcoin price is on the downside of its largest-ever price bubble. The surprising upturns and downturns of a financial market can confuse onlookers. It eventually is a game of passing sentiments – from one investor to another. If one sells, other buys. But in the event of a crash, when one…

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