Bitcoin dips under $400
Bitcoin dipped well under $400 today before recovering according to data from CoinDesk.
Today’s low was $380.75 and the high was $426.65.
The crytocurrency has been on a recent slide. Only a month ago Bitcoin was above $500.
24 Hours
Graph from CoinDesk.
Three Months
Image from CoinDesk.
Hat tip, Business Insider.
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Comments
Scott Bergquist
To be a real currency, said declared “currency” such as bitcoin must be accepted by a sovereign government for payment of taxes. That is why bitcoin fluctuates so drastically, like collectibles fluctuate (e.g., antique cars, old masters paintings, Ming era ceramics, old sports icons’ jerseys, etc.). It is no different from those collectibles, which cannot be used to pay any particular tax bill to a government entity.