PALO ALTO, Calif. — Last year around this time, a toy called a cryptokitty sold for $170,000. The man behind a company called Ripple became for a moment richer than Mark Zuckerberg. Experts went on CNBC to say Bitcoin was going to reach $100,000 per coin. And just as the American public had been given every possible blockchain explainer that could be written, the whole thing collapsed. Today the price of Bitcoin — $19,783 last December — is $3,810.

Source: New York Times December 27, 2018 09:56 UTC