“Bitcoin is collapsing,” BoingBoing recently tweeted . “Will Bitcoin ever rebound?” wonders CNN. “Bitcoin is headed to the ash heap,” USA Today proclaims .
But what all this weeping, wailing, and gnashing of teeth fails to grasp is that bitcoin isn’t supposed to be an investment-grade financial asset. It’s supposed to be a medium of exchange. Surprisingly few people understand the difference.
The Washington Post’s Matt O’Brien is one of the few who does : If […]
