I used to be a bitcoin bull—here’s why that changed – Timothy B.Lee

Posted by Ivan Wong | Dec 15, 2017 | Cryptocurrencies & Blockchain | 0 |

I used to be a bitcoin bull. As bitcoin’s price soared from $13 to more than $1,000 in 2013, lots of people argued it was an unsustainable bubble. I argued the opposite: that bitcoin’s price still had a lot of room to rise. And obviously, I turned out to be right, as bitcoin is now worth $17,000—17 times the cryptocurrency’s previous peak in late 2013…