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

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Published on September 15th, 2017 | by bitcoin

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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























More from MarketWatch

Source: News.google.com



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