The Wall Street Journal is reporting that bitcoin is in the longest slump of its 10-year history; the total market value of all cryptocurrencies outstanding is down 85% from its peak in January 2018 and even more telling is that volumes on the largest crypto exchanges has been falling steadily for the past 15 months; the blockchain technology underlying bitcoin is still popular with applications such as supply chain management and capital markets trading garnering wide support. Source.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.