Dr. Doom Ignites A Bitcoin Firestorm

Interest in Bitcoin and Cryptocurrencies has slowed of late.  Earlier this year, across social media, every mention of Bitcoin and cryptocurrency garnered a lot of attention.  There was a particular emphasis on futures, ETFs and any plans that Wall Street was making to bring crypto more mainstream.  That interest has waned, at least partly because prices have stalled, Bitcoin for example closed in the U.S. markets on Friday at $6,214 on Friday (according to Bloomberg – I use coindesk for real-time pricing).  We are getting to the point that most purchases in the last 12 months will have been made at prices higher than today.  Early adopters are still doing well on their early purchases, but very few people who have bought Bitcoin in the last 12 months can say that.  That is definitely hampering the ability of Bitcoin to attract new adopters – which remains key to it being able to rise in…