Rumors of Bitcoin's Death are Greatly Exaggerated
Bitcoin’s 1,600% rise this year and its recent wild value fluctuations have both excited investors and led critics to predict its demise, some with apparent glee. The currency’s detractors point to the price run up as nothing more than a bubble that will surely burst. They also say that as a cryptocurrency where users can sometimes hide their identities, its use facilitates illicit transactions, leading governments such as China to declare all such currencies as illegal. But
