The hype for Bitcoin was almost oppressive earlier this year. I took a look and concluded it was too early to be a mainstream opportunity: it’s not consumer friendly, not widely accepted and worse, too extreme in its volatility for most to stomach.
Yet, hundreds of millions poured into Bitcoin – from rose colored speculators to blue chip venture capitalists.
Bloomberg’s recent study is a fresh reminder that hype does not always translate into immediate payoffs. Bitcoin was actually the worst performing currency of 2014, having lost 56% of its value from last year.