2018-7-5 20:41 |
Bitcoin at $6,600 brings prices back to the lows in April, which marked the halt of a slide from nearly $20,000 in late 2017.
Cryptocurrency miners use high powered computers that use a lot of electricity to complete a series of complex calculations to create a bitcoin.
The bitcoin protocol calls for a finite number of bitcoins of 21 million, of which about 80 percent have already been made.
Lee, chief equity strategist J.P. Morganfrom 2007 to 2014, said bitcoin and blockchain, the technology underlying it, is a “multidecade story” that’s in the “early stages” of transformation.
To me, this is not that different” in terms of how an industry has change over time, he said.
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