Almost 30,000 Bitcoin millionaires have been wiped in the last three months as the volatile cryptocurrency is witnessing a free fall from $69,000 in November to nearly $36,000 (as of Thursday) owing to regulatory scrutiny and geopolitical unrest.
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can i pay with bitcoin? despite the stomach turning swings, ever s managers say they are convinced bitcoins have real benefits for businesses and are here to stay. if everyone would use bitcoins, i would love that. i wouldn t have to deal with waiting for a credit card and it would be a smaller processing rate. people find a way to pay for a good drink one way or the other, but ever hopes his payment experiment will raise the currency s profile at least in this new york bar. let s talk about those stomach churning swings, christine. at the beginning of this year bitcoin was trading at $20. this week it hit $266 before tumbling. mount gox went offline, one of the main exchanges i would say, they handle about 80%, came back online, fell more. it has been very rocky since. clearly this is something that has a lot more volatility than a lot of other currencies that we see. we keep seeing headlines about the bitcoin millionaires, people early investors in bitcoin. my question is h