, Columnist
Ripple Bumps and Bitcoin Blues
Ripple is beating out gold 2.0 as we head toward bubble 3.0.
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It's been almost a month since Wall Street took a step toward adopting Bitcoin as its own with the launch of cash-settled futures contracts. The results haven't been stellar.
Promoted as "Gold 2.0," Bitcoin hasn't quite worked out that way: Its price in dollars has fallen by about 20 percent from a mid-December high, while its volatility has climbed to its highest in two years. Bitcoin may be part of the financial firmament, as one hedge-fund manager put it, but it's still wildly unpredictable.