Bitcoin Was Prone to Bubbles Until Bears Could Bet Against It
A bitcoin sits on coaxial cables inside a communications room at an office in in London, U.K. (Photographer: Chris Ratcliffe/Bloomberg)

Bitcoin Was Prone to Bubbles Until Bears Could Bet Against It

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(Bloomberg View) -- The recent Bitcoin bubble wasn’t the first, and it might not be the last. Once in 2011 and twice in 2013, the price soared and then crashed:
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