Why Bitcoin's $1,000 Value Doesn't Matter

Why Bitcoin's $1,000 Value Doesn't Matter
AP Photo/Eric Gay

You've probably read that the New Year brought glad tidings for Bitcoin. On January 2, the cryptocurrency hit a three-year high, with its value reaching as much as $1,033. But it doesn't matter. In fact, it only serves to highlight some of the shortcomings of the currency.

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