Bitcoin Is Likely to Gain Widespread Acceptance

It’s certainly been an interesting couple of months for bitcoin. It advanced more than 70% during the third quarter and nosedived 25% over four days in mid-November only to rebound astronomically in the days since. Still, even as $20,000 seems like a real possibility before the year is out, these types of wild gyrations are hardly ideal for a currency struggling to gain widespread acceptance.

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John Maher, CFA