Published on July 10th, 2018 | by bitcoin0
Though recent struggles, Bitcoin is still positioned well as a universal currency
Other cryptocurrencies, such as Ethereum, XRP (aka Ripple) and Litecoin, have suffered similar gut-wrenching drops in the past few months.
Legendary investors Warren Buffett and Charlie Munger of Berkshire Hathaway (BRKB) have warned investors to stay away from cryptocurrencies as a result.
Blockchain technology could still transform how people pay for things in the future.
“The market did go up a little too much last year and people felt it was easy to make money.
Goldman Sachs (GS) has said it will begin futures trading in bitcoin contracts, a move that should ultimately be good for bitcoin and other leading cryptocurrencies that rely on blockchain.