28 Dec '14, 10pm

Bloomberg: Bitcoin was World's Worst Currency in 2014: Bitcoin started the year with a peak value of around $1...

If you're big into Bitcoin, then we certainly hope that you had a good exit strategy in place when the value of the cryptocurrency took a nose dive this year. If not, there go one's dreams of taking an investment into digital currency and converting it into a brand-new house, or a hot tub, or a boat, or what-have-you. In fact, Bitcoin did so poorly this year, Bloomberg notes that it was the world's worst currency for 2014. Just let that sink in a bit: Even with all the political issues plaguing the European and Asian landscape this year, mostly centered on Russia and Ukraine, their currencies' fluctuations were overshadowed by Bitcoin's poor performance. As Bloomberg's Mark Gilbert calls out, Bitcoin peaked at just around $1,130 or so a year ago. Since then, the currency's value has plummeted to just around $320 or so. That's quite a bit of a loss, though it's not yet fata...

Full article: http://www.pcmag.com/article2/0,2817,2474241,00.asp?kc=PC...

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