Bitcoin price LIVE: $8k BTC sheds $300 as expert claims crypto ‘buzz’ is now ‘dissipating’ | City & Business | Finance

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Bitcoin has fallen overnight to $8,975 as hopes of a return to $10,000 are once again dashed.

Ethereum has fallen to $657, with XRP at $0.81

Vinay Sharma, Senior Trader at ayondo markets has told Express.co.uk that for those in the capital markets, “the buzz around cryptocurrencies seems to be dissipating.”

He said: “The question of their use and viability as a currency still remains.

“In my view, the chances of crypto’s being used as a viable medium of exchange in the future is very slim. The question I always like to ask is: ‘If I get paid in bitcoins how do I get taxed on it?'”

“In my opinion cyrptocurrencies aren’t really currencies at all. With volatility so high they become assets that traders and investors can speculate on and I imagine this will continue to be true in the long term.”

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