Bitcoin's Price Drop: A Critique and a Comeback
Update: 2025-11-26
Description
Bitcoins recent price drop, a 35% decline, has sparked debates about its future. Financial publications, like the Financial Times, question bitcoins design and stability. Critics argue that bitcoins fixed supply leads to high inflation during downturns, unlike traditional currencies. Companies like MicroStrategy, which invested heavily in bitcoin, are now facing challenges due to the introduction of spot bitcoin exchange-traded funds. Many digital asset firms are selling off their crypto to manage debt or buy back shares, potentially leading to a death spiral for these companies. Despite these criticisms, bitcoin has still seen a significant increase of over 350% in value over the past five years.
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