Bitcoin May Drop, But Crypto is Here to Say, Experts Say
On Oct. 6, bitcoin hit an all-time high.
Things haven’t been going well since, with the cryptocurrency down 17% in November alone, and December starting out with a 7% drop, and then a 7% gain.
What’s happening on the blockchain?
Northeastern University cryptocurrency experts Ravi Sarathy and Alper Koparan said many macroeconomic factors — as well as the inherent volatility of bitcoin and other cryptocurrencies — are contributing to the recent wide swings in valuation.
“I would say that, more than not, there is an overenthusiasm for all things crypto,” said Sarathy, professor of international business and strategy at Northeastern.
But the experts also said bitcoin and cryptocurrencies in general are…
