Bitcoin is worth more than ever, but it’s losing clout

To say that Bitcoin has had a roller coaster ride would be an understatement. Between regulatory hurdles, heists and its all-too-common use in online crime, it’s sometimes a surprise the cryptocurrency has survived. However, it’s faring well — so well, in fact, that the value of a coin just topped $2,000 US for the first time. While it’s mostly a symbolic milestone, it reflects confidence stemming from regulation (particularly in big Bitcoin markets like China and Japan) and a rapid rise that saw its value soar hundreds of dollars in a matter of weeks.

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