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investment in Bitcoin

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Bitcoin Price Slumps, but the Ecosystem Is Thriving

By , Associate Editor, Money Morning • @DavidGZeiler -

Bitcoin price

Last year's Bitcoin price decline has persisted into 2015, but don't mistake that as a sign the digital currency will soon be history.

Because even as the Bitcoin price has fallen from a 2014 high of $951.39 to a low this year of $257.09, the Bitcoin ecosystem has continued to grow.

Bitcoin's critics have pounced on the cryptocurrency's latest woes. But the months-long fall in Bitcoin prices and string of bad news has done little to slow the digital currency's progress.

In fact, the rate of Bitcoin adoption in recent months has accelerated...