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Now the bitcoin bubble has burst it will not reflate 


The price of the cryptocurrency has plummeted—and the regulators are growing ever more hostile

By Paul Wallace  

It looked like a bubble and it turns out to have been a bubble. After soaring from around $1,000 at the start of 2017 to over $19,000 in mid-December the price of a bitcoin plummeted to a low of just under $6,000 earlier this week—inflicting losses of two-thirds on those who bought the digital currency at its peak. How and why has this reverse happened and what does it mean for bitcoin’s future?

The collapse in the bitcoin price has put paid to the bullish arguments about why the cryptocurrency,…

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