It's the year of the cryptocurrency. Bitcoin's value has soared back through its all-time high after a long period of stagnancy. Not only that, it whizzed past the price of ounce of gold, nearly reaching $3,000 per bitcoin at one point.
Equally as surprising, several new cryptocurrencies, such as Ethereum and Zcash, jumped into the spotlight, bringing the total worth of all cryptocoins out there to over $100 billion.
SEE ALSO: Bye, Bitcoin. Hello, Ethereum.
But the long-term outlook on cryptocurrencies has gotten blurrier. After years of Bitcoin's dominance, squabbles among its core developers and lack of progress, together with rising transaction fees made it less attractive as both a payment system and a long-term store investment. Read more...
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