Bitcoin reached an all-time high last year. Now, you might be digging for coal.
Blockchain Intelligence Group president Shone Anstey attributed the steep drop to skittish investors who bought in during the price craze and then unloaded it as the price began to fall.
‘The fear of missing out turned into the fear of losing,’ Anstey said. ‘You had a lot of fast money rushing in. Now we have fast money exiting out.’
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