Like a number of growth stocks, Bitcoin (CRYPTO: BTC) has crashed hard this year. The largest cryptocurrency is down more than 50% from its peak last fall as investors have moved away from risk assets and Bitcoin has failed to live up to its reputation as an inflation hedge. While some investors seem to believe that the cryptocurrency is cheap after falling so far from its previous peak, that argument seems suspect when taking a closer look. Read More...
Like a number of growth stocks, Bitcoin (CRYPTO: BTC) has crashed hard this year. The largest cryptocurrency is down more than 50% from its peak last fall as investors have moved away from risk assets and Bitcoin has failed to live up to its reputation as an inflation hedge. While some investors seem to believe that the cryptocurrency is cheap after falling so far from its previous peak, that argument seems suspect when taking a closer look.
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