Economic Update - May 2018
Check out this month’s special edition economic update, as Zions Bank Senior Economist Robert Spendlove discusses the rapid rise and fall of bitcoin.
Bitcoin and other cryptocurrencies broke into mainstream consciousness at the end of 2017, but even as prices rose to stratospheric heights some questioned the technology’s future. Now, nearly six months later, the once euphoric market is in a state of confusion.
With regulators around the world vowing to crack down on illegitimate practices, numerous crypto-exchanges have closed, and several prominent banks and credit card companies have halted service on cryptocurrency purchases. As bitcoin’s price has fallen by more than 50 percent this year, some have declared the end of an era.
Check out this month’s special edition economic update, as Zions Bank Senior Economist Robert Spendlove and Economic and Public Policy Coordinator Joseph Mayans discuss the rapid rise and fall of bitcoin and the current state of cryptocurrency markets.
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