The cryptocurrency has reached a 45 day high, but is it a cause for celebration?
You’ve probably read that the cryptocurrency has hit a new 45 high, with its value reaching as much as $1,286. But does it matter, or does it only serve to highlight some of the shortcomings of the currency.
Advocates of Blockchain may point out that the increase in value means that the collective worth of the currency totals as much as $16 billion. If that sounds like a lot, it’s not.
As the Financial Times pointed out at the beginning of this year: [Read more…]