Bitcoin at Crossroads After Losing $27 Billion in Valuation – Bitcoints


Published on September 15th, 2017 | by bitcoin


Bitcoin at Crossroads After Losing $27 Billion in Valuation

Still, bitcoin’s rise has been dazzling, rallying some 250% so far in 2017.
By comparison, the Dow Jones Industrial Average

DJIA, +0.20%

and the S&P 500 index

SPX, -0.11%

 are each up by nearly 12% this year, sparking a litany of pronouncements that U.S. equities are too rich.
Here’s what Elizabeth Stark, CEO and co-founder of Lightning Labs, a blockchain-related company, had to say about Dimon:

This is how you know you’re on to something.
This is something bigger,” Gandham said, referring to social-media giant Facebook Inc.

FB, -1.21%

which boasts a market value of more than $500 billion, and Snapchat, whose parent company, Snap Inc.

SNAP, -0.80%

recently became a publicly traded company.
Read: Why bitcoin isn’t a reliable hedge against stock-market moves

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