Bitcoin continues to tumble, briefly breaking below $6,000
From a value just below $20k six weeks ago, bitcoin now trades close to $6k! That doesn't mean that bitcoin, or other cryptocurrencies, will cease to exist. On the contrary, they are here to stay, and they have a long-term place in financial markets, but will take time (and more regulation) until it's figured out what will be their role. In any case, this crazy ride of bitcoin clearly shows that "bubbles" do exist, so investors should be very worried about them.